The average mortgage rate fell to 2.02 percent in October from 2.07 percent in September. The rate decreased for the seventh month in a row, so low for the last time in March 2017. October, with a mortgage volume of 25.214 billion crowns, became the second strongest month in the history of the hypoindex compiled … Read more
Despite the second wave of the pandemic and the partially subdued economy, interest in mortgages is extreme, banks say. According to the hypoindex, which has been monitoring the housing loan market for a long time, this year may break a historical record. At a time of coronavirus crisis, this is something no one expected. Unlike … Read more
Year-on-year growth in house and apartment prices in the Czech Republic slowed to 7.7 percent in the second quarter, while prices rose by 8.6 percent a quarter earlier. Growth was the sixth highest among EU countries. While in previous recessions in the Czech Republic apartments have become cheaper, prices have not yet fallen. According to … Read more
Industrial production in the Czech Republic in July eased the year-on-year decline to five percent from 10.5 percent in June, the Czech Statistical Office (CSO) said. However, building construction and engineering – which focused on the construction of transport infrastructure – deteriorated. The Czech Republic’s foreign trade ended in a surplus of 13.4 billion crowns, … Read more