Buying a home in the Czech Republic is an exciting journey, but it can also feel overwhelming—especially for expats unfamiliar with the local market, regulations, and language. At Mortgage Specialist, we offer a full-service solution to guide you through every step of your home purchase, ensuring a smooth and stress-free experience.
The Czech mortgage market has shown notable stability in recent months, offering a valuable opportunity for prospective borrowers to assess their options. Below, we provide a comprehensive overview of current trends and key data points shaping the market.
When the interest rates of the mortgages were at the level of 2% p.a. there were plenty of clients who took the mortgage even they did not need. Mostly the clients said that they can invest their own savings and get a significantly higher return than 2% so why they should use their own money for buying a...
New rules for early repayment will apply to mortgage contracts signed from September 1, 2024. What will the new conditions be? How much will banks be able to charge and how will it be in practice?
Since the beginning of the year, we have seen interest rates fall, and this trend is expected to strengthen even more through the spring months. The next meeting of the Czech National Bank ("CNB") is already tomorrow, March 20, 2024, and further reductions in basic interest rates are expected. Mortgage banks will most likely respond to this again...
The Amendment to the Consumer Credit Act will come into effect on September 1, 2024. What impact does this have (and will have) on the mortgage market?
Last week, the Banking Council of the Czech National Bank ("CNB") deactivated the upper limit of the DTI indicator with effect from January 1, 2024.
If you consider buying a property in the Czech Republic there are several options how you can do it. Our clients use most frequently the below stated:
What are the expected mortgage interest rates for the rest of this year? Is it worth waiting to buy a property for more favorable rates in 2024? And what decline in interest rates can be expected?
At its meeting on June 1, 2023, the Czech National Bank (CNB) canceled the obligation to comply with the DSTI parameter, which will change the rules for providing mortgage loans.
