Czech Banks Giving Out Obscene Amount of Mortgages
Banks in the Czech Republic seem desperate to sell as many mortgages as possible, upping their game by nearly 40% in one year, iRozhlas reports. According to statistics from České bankovní asociace (Czech Banking Association) and České národní banka (Czech National Bank), a total of CZK 22.1 billion worth of mortages were sold to people in November alone, which is a 7% increase from the month before, and a 39% increase from November 19. This is the highest ever recorded by the CNB. The CNB’s data shows that the average monthly mortgage payment has decreased more than CZK 800, or 0.34% from a year ago. It also dropped 0.05% from October to November 2020. Vladimir Staňura, an advisor from theRead more.