May is the best month of the year to take a mortgage


The interest rates of the mortgages are recordly low, because Czech banks have still attractive spring campaigns. This month is the best to take a mortgage for a variety of reasons.

Firstly, as mentioned above the interest rates are recordly low so you can have a great conditions of your mortgage in May.

Secondly, the purchase prices of apartments and houses are still acceptable, but the forecast is that a growing trend is coming. So do not wait for a long time.

Moreover, a new tax act will be effective during the summer or autumn, so the buyer will pay a real estate transfer tax of 4% from a purchase price.

Nowadays, the conditions are very friendly on the Czech market to take a mortgage. Feel free to contact us and you will get a personalised mortgage and conditions.