<\/p>\n
While mortgage rates in the Czech Republic fell below 2% per annum for the first time, apartments in the capital \u201cbroke through\u201d the historical maximum of \u20ac2,200 per sq.m.<\/p>\n
According to Fincentrum, in March 2016 the average interest rate in the Czech Republic fell to 1.97% per annum. In the previous month, its value was 2.02% per annum.<\/p>\n
The center’s analysts admit that in reality people were given mortgages at 1.9% per annum and lower. They expect this figure to fall further.<\/p>\n
All indications are that the mortgage boom will continue. Potential buyers are finding it increasingly difficult to find a property that suits their budget. This should lead to an increase in bank financing.<\/p>\n
In the first quarter of 2016, the average price of apartments in Prague increased by 8% year-on-year. The main reason was the lack of housing on the market. According to the study, in the first three months of the year, the price per square meter rose to a record high of \u20ac2,220.<\/p>\n
Developers say the number of offers on the Czech capital’s market has fallen by 20% in a year, primarily due to delays in the construction of new residential complexes caused by the protracted process of project approval by local authorities.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
While mortgage rates in the Czech Republic fell below 2% per annum for the first time, apartments in the capital \u201cbroke through\u201d the historical maximum of \u20ac2,200 per sq.m. According to Fincentrum, in March 2016 the average interest rate in the Czech Republic fell to 1.97% per annum. In the previous month, its value was\u2026<\/p>\n","protected":false},"author":23,"featured_media":1893308,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[256],"tags":[],"class_list":["post-70599","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"