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Interest Rates in the Czech Republic May Triple

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In 2022, they are likely to soar to 6%.

What happened? Analysts believe that mortgage interest rates in the Czech Republic will jump to 6% next year. This is a record figure for the last five years and corresponds to the level of 2006. However, at that time, real estate was at least twice as cheap as at the moment.

Quote. "Even today, some rates reach 5%. We can expect that they can reach an unimaginable 6%," says Jiri Sikora, an analyst at Fincentrum & Swiss Life Select.

Problems. The most painful rise to 6% will be for customers who have taken out a loan with a rate of 2% or lower and whose fixing period expires. For them, the monthly loan payment will increase by an average of 1,000 kronor (€40).

In addition to mortgages, in the new year, the owners of Czech housing will see an increase in gas and electricity prices.

Experts believe that some potential mortgage applicants may eventually prefer renting a home to buying.

Real estate examples in Czechia
Commercial property for 8 300 000 euro in Prague, Czech Republic
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Commercial property in Prague, Czech Republic
Czech Bohemia Brewery in Bohemia Built in the 16th century by a German company, this brewery has undergone several reconstructions over its long history, but has surprisingly preserved traditions in beer production. A well-known brand. Now the plant is not working at full capacity, it belongs to the category of medium-sized...
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Our company is providing you this commercial located in Mariánské Lázně for sale. This commercial accommodation in after reconstruction condition provides 1m² of usable space. Place is furnished. Your new commercial is nearer than you think, arrange appointment with Developerské centrum for your in person tour!
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Commercial apartment building in Marianske Lazne, Czech Republic (price on request)
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Apartment building for sale (Turnkey construction). The object of the sale are: land + project + persmissions + costs of turnkey construction. The building is located in the center of Marianske Lazne next door to shopping area Nova Chebska at Luční street. Its about 50 m away from Kaufland hypermarket mall. Its designed as multifunctional...
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Flat for 923 200 euro in Prague, Czech Republic
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Spacious apartment in Prague 2 for sale. It has 5 separated rooms + apartment has 2 terraces (20 sq.m.). Major repairs took place in 2007. You have a great opportunity to buy a perfect apartment in the Czech Republic, Prague 2 for living, renting out or invest in Czechian real estate with high return on investments.
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Hotel for 1 300 000 euro in Prague, Czech Republic
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Czech city of Prague Guest house in Prague 6 Cozy guest house in a green quiet area of Prague 6. Good transport accessibility: - by public transport it is fast and convenient to get to the center of Prague; - Prague International Airport is located nearby. The pension is a former estate with vineyards. The...
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Czech city of Prague Beautiful restaurant in Prague-1 Beautiful cozy restaurant in the Prague-1 area. Convenient location in the center of Prague. The room is after a high-quality overhaul. The total area of the restaurant is 269m2 + a terrace of 74m2 The restaurant has a unique atmosphere and is very popular among...
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Czech city of Prague Boarding house in Prague Cozy guest house on the outskirts of Prague. Number of rooms: 7 double, 18 triple, 3 apartments and 1 room for people with disabilities. Total beds: 76 In each room: bathroom, cable TV, TV, telephone, air conditioning, minibar. Building condition: good Price:...
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Flat for 160 243 euro in Marianske Lazne, Czech Republic
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Cafe, restaurant in Marianske Lazne, Czech Republic (price on request)
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Source: 420on.cz

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