At the end of April the National Bank of Slovakia (NBS) cut the base rate by 25 bp to 4.25% p.a. Low interest rates are excellent news for both investors and local home buyers and should ensure the continued buoyancy of the Slovak property market.
Slovakia’s GDP grew by 8.9% y/y in QI 2007. This year’s GDP growth is expected to come at a record high 8.7% p.a. (OECD), easily maintaining the country’s long term position as the Central European economic leader.
The registered unemployment rate fell to 8.50% in April, a new record low level, according to the Slovak labor office. That represents a 0.39% drop compared to March and a strong 2.54% fall y/y.
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