Record housing loans in the Czech Republic

Published: 15.01.2021 Related countries:  Israel Israel

Housing loans and mortgages of Czech banks and construction savings companies in 2020 were the highest in history

According to an estimation published by the group ČSOB, banks and construction savings institutions provided record CZK 315 bln in loans for housing in the crisis year 2020. The volume of mortgages granted increased by 38% to 250 bln. CZK. The value of loans from construction savings increased by 36% to CZK 65 bln. The high demand will continue also in the year 2021. The number of new contracts on construction savings will likely grow to 560,000 from 520,000 in 2020. Source: https://www.cianews.cz/ Prepared by the team of CzechTrade/CzechInvest Israel