Author Archives: fredrik

Buying property in 2022 – information about free seminar

Are you an expat looking to buy property in the Czech Republic? Or maybe you are just curious about the current real estate market and want to hear more from the local experts? We are happy to invite you to our seminar focused on topic of &…

Mortgage refinancing will be more expensive

If you’re thinking about refinancing your mortgage in the future with no costs, we have a bad news for you. The current law is allowing clients to refinance early, even outside of the fixation period for very limited or almost no cost…

Complete guide on how to buy a property (the EASIER way), with sample timeline and pro tips

Living in another country can be very challenging in the beginning. Once you start to acclimatise to life in the Czech Republic – find a flat, a job, friends, perhaps a partner and settle down — an obvious question then becomes: shoul…

Stricter rules for mortgages from April

Today we bring you news about the upcoming limitations by the Czech National Bank with regards to mortgages and how much clients can borrow. These rules were already approved and they are to be effective from 1.4.2022, basically unifying th…

The Czech National Bank increases the two-week Repo rate again

At the Board meeting on 5.8.2021 the Czech National Bank decided to increase the 2W Repo rate by 0,25% to 0,75% starting from 6.8.2021, as stated on their website here. Expected inflation for this year is 3% and for 2022 – 2,8%. This …

Can I get pre-approved mortgage in the Czech republic?

Another common question we get from our clients is whether you can get a mortgage pre-approved by a bank and how easy it is to get one. In this article we explain what does it mean to be pre-approved and how one can understand it. If you ar…

When should I sign the Reservation contract for my new property?

I say there are two hardest part when buying a property. One is to actually find one and second is what we cover in this article – when to sign the Reservation contract with the agent or seller… So when can I sign the reservatio…

2020 Mortgage Summary – everything you need to know to be up to date!

The year 2020 brought a lot of unexpected changes. For the world of finance, mortgages and real estate, the year 2020 was a turning point. In this article, I bring you the most important news from the mortgage market. Main points of this ar…

The lowest mortgage interest rates on the market are by mBank

We are happy to announce that from 1.7.2020 mBank is offering the lowest interest rates on the market for 80% LTV as of today (7.7.2020). mBank is offering rate 1,64% with life insurance or 1,89% without the life insurance, which to our bes…

Everything you wanted to know about the mortgage market – after COVID 2020 summary

Recent events due to the Coronavirus brought a lot of changes to the Czech mortgage market. Cheaper mortgages, eased restrictions, repayment postponements, banks merging – we never experienced so many changes in such a short period! W…

How the banks evaluate the repayments postponement

Quite recently the Government passed a bill allowing people who experienced drop in their income to apply for repaymetns postponement with the idea that this will not be reported negatively into debt registry. Technically, they did what the…

The Czech National Bank eases mortgage restrictions

It is not that long ago since the Czech National Bank introduced their regulations for these three parameters in order to slow down the market. Effective from 1.4.2020, they changed all of them in order to help people with borrowing. What d…

Czech National Bank cuts the two-week Repo rate to 1%

The Bank Board of the Czech National Bank lowered on Thursday 26.3.2020 the two-week repo rate (2W repo rate) from 1,75 > 1,00 %. At the same time, it lowered the Lombard rate to 2.00% and the discount rate to 0.05%. The new interest rat…

Czech banks’ approach to mortgage and loan repayment postponement in regards to the CoVid-19 virus

The Czech banking association (CBA) suggested on 12.3.2020 all banks to allow 3 months of postponed repayments for all types of loans for those in needs (incl. small businesses and the self employed) in order to prevent defaulting in the fu…

Costs associated with buying a property in the Czech Republic

Buying a property doesn’t mean simply paying the purchase price, there are other costs associated with it. In this article, we will go over the fees and costs associated with buying a property like lawyers, taxes, building fees, insurance, …

Can I buy a “družstevní” flat with a mortgage?

“Can I finance a ‘družstevní’ flat?” is one of the most frequently asked questions amongst our clients. This topic might often look a bit too confusing for non-Czechs; that’s why we’ve put together this a…

Self-employment income evaluated by banks

If we could pick the most confusing part of banks’ acceptance of clients’ income, it would undoubtedly be income from self-employment seen by banks in the Czech Republic. We refer to it by many names: živno income, osvč income o…

Why should I use a mortgage broker or mortgage advisor?

Taking a mortgage is one of the biggest liabilities in your life and the options and consequences should be explored thoroughly. It’s something you can do all on your own, or you can use the services of experts in their fields — mortg…

To get mortgage you need these 3 things:

For expats, applying for a mortgage in the Czech Republic can be confusing and intimidating. Our goal is to guide you through the process, making it easier for you to achieve your property ownership goals. To get a mortgage in the Czech Rep…

5 steps to buy a property in Prague

We know making a purchase can be confusing the first time around. But buying a property is not that complicated if you’ve done it a hundred times and you know the process, like we have … so we’re happy to share our knowhow. In our many year…