Hypostat 2015

EU 28 Country Reports
Slovakia Fact Table
Entities which can issue
mortgage loans:
The market share of the
mortgage issuances:
Proportion of outstanding
mortgage loans of the
mortgage issuances:
Typical LTV ratio on residential
mortgage loans:
Any distinction made
between residential and
non‐residential loans:
Most common mortgage
product(s):
Typical maturity of a mortgage:
Most common way to fund
mortgage lending:
Level of costs associated with
a house purchase:
The level (if any) of government
subsidies for house purchases:
Housing finance is raised from (mortgage)
banks, Bausparkassen and the
State funds.
Not available
Banks had a market share of 47%,
Bausparkassen of 42% and the state
funds of 11%.
The typical loan to value (LTV) ratio is
70%, but a maximal LTV ratio of 85%
is possible.
Not available
Most mortgage loans taken out are
loans with a variable rate or with shortterm
fixed rates.
The mortgage loans can be granted for
a time frame between 4 and 30 years.
Source: Mortgage Market Worldwide,
OECD
Deposits are for the banks one main
source and for the Bausparkassen the
only source of funding for their mortgage
market activities. Banks also fund
the lending activities through issuance
of Covered Bonds. Outstanding Covered
Bonds equalled to 5% of all outstanding
residential lending.
Roundtrip transaction costs (including
notary and registration fees, real estate
Agent’s fee) is between 3% and 6.6%
Subsidies cover up to 30% of construction
costs, excluding land price, and
soft loans have an annual interest rate
of 1% with a repayment period of up to
30 years and with maximum 80% loan
to value ratio.
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