Mortgage loans in 2023 down by a quarter year-on-year

Banks and building societies granted mortgage loans worth CZK 150 billion last year, which is a year-on-year decline of almost a quarter. New loans, excluding refinancing, amounted to CZK 124 billion. Interest rates continued to fall in December, dropping from 5.67 to 5.65 percent in November, the lowest level since mid-2022, according to statistics from the Czech Banking Association Hypomonitor, to which all banks and building societies providing mortgages on the Czech market supply data.