In September, the mortgage market exceeded the limit of 300 billion crowns in agreed loans and is still thriving. This is despite the rise in interest rates. It rose to 2.43 percent in September, returning to the level of last spring. Banks last lent in April this year at interest below 2 percent, which was the most advantageous in recent years. It is certain that we will not see such favorable conditions this year. The question mark hangs over how much more expensive loans become.
At the end of September, the CNB doubled the key interest rate, and other banks responded. Experts are already talking about the fact that at the end of 2021, the interest rate on mortgages could climb not 3, but even 4 percent. Anyone considering buying a property, whether as a home or investment, still has good conditions.
These have been reflected in record sales for many months. According to Central Group statistics, the greatest interest is in 2 + kk (44% of sales) and 1 + kk (23% of sales) apartments. For flats bought on credit, smaller flats 1 + kk and 2 + kk make up even 80 percent of sales. Housing loans are most often taken by people aged 30 to 40. About a quarter of mortgage buyers are clients between the ages of 40 and 50, followed by people in their twenties and thirties with a share of 20%.
Source: CENTRAL GROUP
