Mortgage rates have been going up following the recent increase in the Czech National Bank's base interest rate. But that hasn't cooled demand for home loans. Just the opposite. Sensing that it may be a long time before they can score a 20-year loan for just 2.13%, consumers continued flooding into banks during June, borrowing a total of CZK 44.5 billion, just short of the record CZK 44.7 billion from March. In all, Czechs have borrowed CZK 224 billion during the first half of 2021. That's as much as they borrowed in 2016 . . .
------------------------------------------------------------------------------
Subscriber content
Archival content is available to subscribers only. If you have a membership subscription and are are experiencing issues logging in, please try the login below:
If you're interested in reading further, why not gain full access to the archives by subscribing?
Order your subscription here and we'll send you an invoice.
Annual memberships (€100/yr) can also be paid for by credit card, or you can pay month-to-month by clicking here.
