People are catching up on cheap mortgages at the last minute. In November alone, they borrowed over 37 billion crowns for housing, the most since June, which was the strongest month in mortgage history. In total, banks have lent over 392 billion crowns for housing since the beginning of the year, almost three quarters more … Read more
“As interest rates rise slowly, the numbers and volumes of loans provided are declining at the same rate. However, it is still true that these declining numbers are record-breaking compared to last year’s values, “said Jiří Sýkora, mortgage analyst at Fincentrum & Swiss Life Select. Although the mortgage market slowed down compared to August, the … Read more
“Our clients expect them to sign a contract and the price they commit to by signing will be paid until the house is handed over. Unfortunately, this is often not the case today. At a ten-million-dollar house, the final price increase can reach half a million crowns, “says Václav Pinďák, sales manager of the 3AE … Read more
After an extreme March, when the Czechs almost took the banks by storm, there was a slight cooling of interest in April. According to the hypoindex, the average interest rate is rising slightly and is close to two percent. Significant differences in rates are determined by the length of fixations. Although in April the banks … Read more
In February alone, people took out mortgage loans for almost 30 billion crowns, so the shortest month of the year, according to Fincentrum Hypoindex statistics, became the strongest measured month in domestic history this year. The influx of people into banks was helped by fears of future increases in mortgage rates. “February this year surpassed … Read more
“Banks are no longer reducing at the same pace as in previous months. The main reason is the price at which banks raise money for further lending on the interbank market. And it was the price of money on the interbank market that began to rise rapidly in November, ”points out Jiří Sýkora, an analyst … Read more
It is almost certain that the mortgage market will break the record this year. Not enough is enough, and in the volume of loans provided, the target from 2016, when people borrowed 225.8 billion crowns for housing, will tear. Interest in mortgages is also increased by low interest rates, which fall below two percent. Bankers … Read more
However, this year will definitely not be a record for the number of pieces, said Vladimír Staňura, an advisor to the Czech Banking Association. So far, 73,000 of them have been sold so far, which is less than 90,000 for the whole year. For comparison, in the strongest year 2016, 115 thousand mortgages were sold. … Read more
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
Compared to last year, house prices rose on average by only half the rate. According to mortgage advisers, the rocketing growth in the amount of mortgages being raised is mostly related to the strong shopping appetite of wealthier buyers looking for more expensive goods. “The record August average mortgage loan of 2.79 million crowns was … Read more