3Things: Mortgage fever goes on, Eurowings’ Prague hub, Heimstaden & SBTi

Robert McLean

#cee, #proptech, #development a #architecture

Early in the year, Czech financial experts began speculating that 2021 could be the year that banks handed out more than CZK 300 billion in mortgage loans. By the end of August, the total volume had reached CZK 293 billion, meaning that the revised question is how close the final figure will get to CZK 400 billion. The most remarkable, even worrying aspect of this borrowing bonanza is that the average interest rate has been climbing inexorably now for six months, rising a total of 0.39% since March. A year ago, the total volume of mortgage loans was CZK . . .

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