Czech National Bank cracks down on mortgages, again

Czech National Bank cracks down on mortgages, again

Published at: 2018-06-12 10:05 | Author: CIJEurope.com
The Czech National Bank has worried residential developers with its decision to clamp down, hard, on mortgage loans. Its leading bankers have long been concerned at the rapid growth in prices of housing prices and has now declared that it will continue any monthly payments that exceed 40 percent of the client's salary to be risky. The maximum safe volume of the total mortgage loan will only be considered safe if it is less than eight times the borrower's annual salary. These measures will not apply to the refinancing of existing loans. Media sources are estimating that the new provisions could apply to as many as one-third of all current customers.

Similar Stories:

Global Luxury Homes Sales Grow, States Christie’s International Real Estate Report
According to a report by the Christie’s International Real Estate network, there was a 1  »
Wellport condominium project breaks ground in Belgrade
Israeli investor Shikun & Binui Group broke ground on a condominium in New Belgrade. T  »
Cleves San Stefano opens in Sofia
Cleves San Stefano, a 31-apartment building, has officially opened in Sofia. The building,  »
Svoboda & Williams Presents the Na Petřinách 7 Residential Project
Svoboda & Williams is exclusively launching the sale of the Na Petřinách 7 project,  »
It’s part of the bargain struck with the city that helped it win the needed support for   »
The developer Victoria Dom carried out a PLN 20m private bond issue in October, funds that   »
Svoboda & Williams has concluded an agreement with Christie’s International Real Estate   »
“The speed of growth is not so high as it was last year, that’s important for us,” s   »