Czech Republic: Interest on Mortgage Loans Dropped

Professional ServicesReal Estate ♦ Published: April 18, 2014; 09:58 ♦ (Vindobona)

Interest ratest on mortgage loans dropped to a record low to 2.93 percent last month.

Interest rates on mortgage loans dropped to a new record low as Czech banks have a high equity ratio. / Picture: ©

According to statistics of Fincentrum Hypoindex, this is the lowest average interest rate since the beginning of the recording since the year 2003. The last all-time low was seen in June last year when the average interest rate dropped to 2.95 percent.

Because of the low interest rate the number of interested clients increased by 2,428 in March. A total of 8,270 persons signed a…