Number and volume of new mortgages granted without refinancing and increases
70
thousand; ytd
Number this year
293
CZK billion; ytd
Volume this year
Number and volume of new mortgages granted without refinancing and increases
CBA Commentary
In November, banks and building societies actually granted new mortgage loans worth CZK 28.1 billion. After seasonal adjustment, November's new mortgage lending figures brought an increase (to around CZK 30.7 billion compared to CZK 28.7 billion in the previous three months) and thus reached a level around 41% higher than in the first half of last year. Year-to-date, the total is CZK 293 billion, or CZK 84 billion more than a year ago.
Source of primary data
CBA Hypomonitor
Note
Only new loans, excluding refinanced and increased loans. A more detailed breakdown of the CBA Hypomonitor data is available in its monthly data supplement, see: https://www.cbamonitor.cz/publicistika/soubory/cba-hypomonitor-data
Comment by Jaromír Šindel, Chief Economist of the CBA: The Central Bank, through stricter requirements in the form of recommendations for investment mortgages, has decided to make a modest effort to correct mortgage demand on the real estate market, which remains very tight in terms of prices, mainly due to the supply side - see the drop in building permits.
Despite the slight correction, April continued to see strong volumes of new mortgages supported by another slight decline in the average mortgage rate to 4.65%.