Banks are offering developers the best conditions on project loans since 2007. KPMG analysis shows the number of lenders willing to give loans under 2 percent is rising, while the volume of borrowed money is increasing. Banks have also lowered developer’s equity threshold: currently they are requiring just 20 percent, while immediately after the crisis developers had to foot 60 percent of the total investment from their own pockets. Warehouse developer P3 recently secured a record loan of CZK 38bn to refinance its projects. Hospodářské noviny writes that banks are planning to further expand their property loan portfolios.
