Czech National Bank

Czech mortgages grow to record in 2020 despite pandemic
Business & Finance

Czech mortgages grow to record in 2020 despite pandemic

  • The central bank has been monitoring the mortgage and housing market in recent years as a potential source of inflationary pressures caused by soaring property prices.
  • House prices were 17% overpriced on average, the bank said in November as it warned against risks to both banks and the broader economy.
Published 29 Jan, 2021 07:37pm