At the end of the summer drops in interest rates have occured. This overall trend was concomitant to an accentuated reduction in the interest rate of the mortgage loans. Moreover, demand in new mortgage loans has decreased in 2019 compared to 2018 and 2017.
The Czech banks reacted to declines in demand and interest rates by special mortgage loan offers. Lower interest rates and easier approval conditions are the main reasons for getting a loan for property purchase. During the autumn season clients could benefit not just from no fees for valuation of property. Loan processing and loan account maintenance are also being offered free of charge currently.