Articles
News and insights from the Czech mortgage market
Mortgage Market Picking Up, Another Round of Deregulation by ČNB
Almost two years ago, the Czech National Bank (CNB) introduced three regulating parameters to limit how much the banks could lend customers (DSTI, DTI and LTV), which essentially considered personal debt and income against the mortgage value. This, along with...
Mortgage Miracles for Christmas
To close up on the year, I would like to share a few exceptional expat mortgage case examples that might seem impossible to get approved, yet actually were. Less than 6 months in the Czech Republic and 100% financing! For the first story, we have to travel back in...
Seven Crucial Things to Check on Your Mortgage
About 50% of property purchases are made with the help of a mortgage, despite relatively high-interest rates of around 5.5%. However, just because a bank has agreed to give you the mortgage, doesn’t mean it’s all smooth sailing from there. When you have financing from...
New Rules on Early Repayments of Mortgages From January
Did you know that you can break your mortgage fixation, sell your property, and refinance anytime, even if you fixed with the bank for three, five, or eight years or so? The bank must allow you to close the mortgage prematurely… for a cost. And there is a big change...
TOP 3 Mistakes Made When Buying a Property in Czechia
Buying a property in another country is simply not as easy as ordering food delivery through a phone app. That is a fact. The Czech Republic might not be the simplest when it comes to bureaucracy, language, and banking so today I want to share the three biggest...
Czech Republic: Tax Heaven for Property Investors
Did you know that the Czech Republic is one of the most favorable countries to invest in when it comes to taxation? Preceded only by Luxemburg or Switzerland, the Czech Republic offers perks such as no acquisition tax, tax benefits for residents, favourable deductions...
New Bank on the Czech Scene: Partners Bank Ready for Launch in March
A new bank is in the final stages of preparation before going live, and it could soon be offering mortgages. Partners Bank received its license from the Czech National Bank in August, and its backers expect to launch publicly in March. Initially, it will offer the...
Short Pre-History of the Vinohrady Villas Area
If I had to select one area of Prague I love the most, it would have to be Prague – Royal Vineyards, Vinohrady in Czech, or “Královské Vinohrady”. As you might know from the recent article, Vinohrady was rated as one of the coolest areas in the world. Vinohrady has a...
“Panelák” vs “Cihla” ? A Comparison Between Panel and Brick Building With Pros and Cons
In the Czech Republic, two common types of properties stand out for investment: panel buildings, and brick buildings. Both have advantages and drawbacks, making it essential for investors and tenants to understand the differences between these choices. In this...
Czech National Bank Moves to Loosen Restrictions on the Mortgage Market
Finally good news for those considering getting a mortgage: the Czech National Bank (CNB) is removing some restrictions from next month. Last week, CNB board members agreed to remove the DSTI (debt-service-to-income) restriction, which was introduced in...