Sentiment in the Slovak economy is at its best in the past two years. Both industry and the services sector have positive expectations. By contrast, the construction industry has a negative outlook, and consumers are also pessimistic about the period ahead.
Slovaks’ confidence that the economic situation will improve is low. They feel that they are unable to save. This is due to the persistent impact of inflation.
Builders feel the same way, as they do not have enough orders for new buildings. High mortgage interest rates are also to blame. According to the real estate analyst, these are still holding back purchases of new flats.
“A recovery could come from the rental housing sector, which can be supported by the state. Or by some investment funds,” believes real estate analyst Viktor Obtulovič.
Find out more in the RTVS report below.
