Czech banks and building societies have provided new mortgages for CZK 29.6 billion (€1.2 billion) in September. Compared to August, the volume of activity has increased by 14%, reports cbamonitor.cz.
The growth is also confirmed by seasonally adjusted figures with an estimated volume of new mortgages of CZK 31 billion (€1.27 billion) and more than 7,200 units. Since the beginning of the year, the volume of new mortgages has reached CZK 235 billion (€9.7 billion), i.e. CZK 70 billion (€2.87 billion) more than a year ago.
Rising market interest rates left the average realised mortgage rate at 4.52%. The average size of newly granted mortgages returned to growth in September to CZK 4.35 million (€179,000). If mortgages maintain the dynamics of the last four months, i.e. from June to September, then in 2025 the volume of new mortgages without refinancing could reach the level of CZK 316 billion (€12.9 billion), a 38% rise compared to last year.
The above information is based on data from CBA Hypomonitor, which captures data from all domestic banks and building societies that provide mortgage loans.
