Comment by the Czech Bar Association
In May, banks and building societies actually granted new mortgage loans totaling CZK 38.1 billion. After seasonal adjustment, the May figures for new mortgages showed a decline (to approximately CZK 35.4 billion compared to CZK 36.7 billion in the previous three months), reaching a level approximately 46% higher than in the first half of last year. Since the beginning of the year, the total has reached CZK 179 billion, which is CZK 59 billion more than a year ago.
The volume of refinanced and increased loans (internally or from another institution) fell to CZK 14.5 billion in May. This is 105% more than the average of 7.1 billion refinanced last year and 270% above the 3.9 billion refinanced in 2024. The share of refinanced loans in the total volume of mortgages granted then fell slightly to 27.6%, which is above last year’s average of 20.7%.
Overall, banks and building societies reported new unconsolidated business in the form of new and refinanced mortgages totaling CZK 52.6 billion in May, which is 14.5% less than a month ago. Year-over-year, it rose by 54%. Their total volume so far this year has reached CZK 245 billion, representing a 66% increase compared to January through May of the previous year.
Number and volume of new mortgages granted, excluding refinancing and loan increases
Source of primary data
ČBA HypomonitorCategory
ČBA HypomonitorData frequency
monthlyNote
Only new loans, excluding refinanced and increased loans.A more detailed breakdown of data from the ČBA Hypomonitor is available in its monthly data supplement; see: https://www.cbamonitor.cz/publicistika/soubory/cba-hypomonitor-data
