Average Czech mortgage rate falls to 6.27 percent

The average mortgage rate in Czechia fell to 6.27 percent in March from 6.37 percent in February, according to market tracker Fincentre Hypoindex. Experts say the reduction in rates is the result of competition between banks as a new building season approaches.

The 0.1 percentage point reduction in rates is the most significant drop in two years.

Author: Ian Willoughby