Many banks which provide mortgages in the Czech Republic started spring campaigns last week. The campaigns are different, but with the same result for the clients: you will save money now.
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Czech mortgage market in 2016
If you were not able to find your dream property during the last year, where the interest rates of mortgages were extremely low in the Czech Republic, you will have another chance for a great conditions in 2016.
Interest rates decreased again!
Based on the FINCENTRUM HYPOINDEX (https://www.hypoindex.cz) the average interest rate of mortgage loans decreased to 2.09% p.a. in November 2015 in the Czech Republic. The decreasing trend from the beginning of the year still continues.
Mortgage market trends in the Czech Republic
This summer we can observe a changing trend of the interest rates in the Czech Republic. Two of the Czech Top 3 banks increased its interest rates in June. The third bank from Top 3 will increase the interest rates during the first half of September. Does it mean that we are at the beginning of a new increasing trend?...
The interest rates may unpleasantly increase after the fixation period. Think of it already in the negotiation of mortgages, and consider everything well.
Based on the FINCENTRUM HYPOINDEX (https://www.hypoindex.cz) the average interest rate of mortgage loans decreased to 2.11% p.a. in April 2015 in the Czech Republic. The decreasing trend from the beginning of the year continues.
Based on the FINCENTRUM HYPOINDEX (https://www.hypoindex.cz) the average interest rate of mortgage loans decreased to 2.16% p.a. in March 2015 in the Czech Republic. This year´s decreasing trend is also obvious as in the last year 2014.