CNB says flats 25% overvalued, raises reserve requirements

Robert McLean

#cee, #proptech, #development a #architecture

The overall debt for Czech consumers rose CZK 179 billion over the last three months to a total of CZK 2.5 trillion. Seznam Zprávy writes that the debts are growing quickest amongst 30 to 34-year olds as they rush to take on mortgage debt before interest rates rise too far. Those acting now have come to the party too late to grab the sub-2% loans that were on offer just a couple months ago, but they're still enticingly affordable. Czech National Bank governor told the news site that the generosity of banks has him worried . . .

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