Good luck finding it cheaper. Mortgages in the Czech Republic hits records

June 18, 2014

Good luck finding it cheaper. Mortgages in the Czech Republic hits records

In May, the average mortgage rate in the Czech Republic fell to 2.81% per annum, which is the lowest figure in the history of observations since 2003, writes ee24.com citing financninoviny.cz. Hoping to attract customers, banks offer more favorable conditions. For example, UniCredit agrees to issue a mortgage at 1.99%. 

8103 people got mortgages in May, which is 910 more than in April. The total loan amount reached €489 million, an increase by €55 million in a month. Average loan size was €60.4 thousand.

Of course, all of these does not apply to non-residents of the European Union: they don't have credit history and they don't own property, which can serve as a guarantee.