Housing Prices Down 2,3% Year-on-Year. According to an article by TASR newswire today the housing prices in Slovakia are dropping slowly.
The newswire cites CSOB analyst Marek Gabris as saying the housing market is now stabilizing, basing his statement on the recent report from the National Bank of Slovakia, which reports that the mean price of a square meter of property in Slovakia had dropped by about 1 euro in 1Q 2012.
The latest figures mean prices fell by around 2,3% year-on-year to reach the current average level of 1 235 euros. The property market is experiencing certain stagnation just now as people tighten their belts for the future and so the market will depend very much on economic developments.
Source: http://www.thedaily.sk/housing-prices-down-2-3-year-on-year/