Czech Real Estate Market Becoming a Buyer’s Market

Czech Real Estate Market Becoming a Buyer’s Market

The real estate market in the Czech Republic has seen a significant shift in the past year, with an increase in the number of properties available, and a downturn in both the number of properties sold and the volume of mortgages being taken out.  This change has...
Development Halted on More Than 700 Flats

Development Halted on More Than 700 Flats

The cooling of the real estate market is already visible and developers are suffering from the lowest number of inquiries in a decade. In a market like this, it is not uncommon that developers simply stop construction in order to save money, rather than building...
Mortgage refinancing will be more expensive

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 costs – this is about to...
Stricter rules for mortgages from April

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 the amount how much one can...