In the Czech Republic, where more than 80% of residents own personal housing, real estate sales have declined significantly since the second half of last year

The market freeze is dependent on the availability of mortgages, and interest rates have unfortunately gone up sharply. There are already active discussions that the Central Bank should influence the situation again. Some easing of lending conditions is expected in early June this year. Although the DTI and DSTI limits are still an important tool for ensuring the stability of the Czech banking sector, over the past year and a half the situation has changed dramatically, housing has become almost unaffordable, especially in Prague, and this needs to change.

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