Czechs' debt rises by 8.2% to 3.53 trillion CZK

Debt levels among Czech residents increased by 8.2% year-on-year in the first three quarters of 2024, reaching 3.53 trillion CZK, according to data from the Banking and Non-Banking Client Information Registers. Consumer debt rose to 605 billion CZK, up 6.9%, with unpaid consumer loans increasing by 15% to 27.9 billion CZK. Younger borrowers face growing difficulties, with 14% of those under 24 unable to meet their obligations. Housing debt climbed to 2.92 trillion CZK, largely due to high property prices, while the average housing loan per borrower increased by 36% to 4.54 million CZK.