• House prices are currently at their early 2008 level, barely 1.5 percent below their pre-crisis peak
• Since April 2014 through end of 2015  residential property prices increased by approximately 28 percent in both nominal and real terms.
• From  2016  significant  increase is expected in newbuild dwellings due to VAT reduction (from 27 to 5 %). The new  family housing allowance (CSOK) will also stimulate the mortgage market.

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