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:

CPM Group investing €20m in 182 apartments in Craiova
CPM Group is investing €20m in Romanescu Park Residence in Craiova. The residential proj  »
Svoboda & Williams Launches the Sale of Apartments in the Trio Harrachov Project
Svoboda & Williams, the project’s exclusive agent, is launching the sale of 39 alpin  »
Murapol buys 2 ha plot on Pachońskiego in Kraków
Murapol has signed a preliminary agreement to purchase a public ground lease on a 2 ha pl  »
T.E Group completes Břevnov scheme
T.E. Group has completed Truhlarna, a residential complex in Prague 6 made up of four 3-le  »
Emotions are running high on the Romanian residential market where demand is outstripping   »
It’s part of the bargain struck with the city that helped it win the needed support for   »
Cordia is back. The residential division of the Hungarian-based developer Futureal hasn’   »
AFI Europe Romania has received the building permit that will allow work to begin on its n   »