11.8
index
Current value
11.2
index
Last Quarter's Figure
Commentary by the Czech Bar Association
The central bank’s stricter criteria for investment mortgages did more than just tighten banks’ lending requirements. In line with historical experience, they boosted demand—likely on a temporary basis. The impact on lending conditions was partially offset by lower bank margins and more favorable repayment terms. In an environment of continued strong competition, this stronger demand helped mitigate the impact of the spike in market interest rates on mortgage rates, which consequently rose at a more moderate pace. However, expectations of weaker demand for housing loans in the third quarter are changing this narrative.
Banks' Mortgage Loan Terms and Conditions
CBA Monitor
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Source of Primary Data
CNB - Bank Lending Survey (BLS)Kategorie
Data Frequency
quarterlyNote
In the CNB survey, lower values indicate stronger pressure to ease credit conditions. For competitors, the sign is therefore reversed in this chart: a higher value indicates stronger competition and thus greater pressure to ease credit conditions. For demand, higher values correspond to stronger demand. Unlike in the CNB survey, the quarterly values in this chart are cumulative over time.