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ČSOB'S ESTIMATE OF MORTGAGE VOLUMES FOR 2023

Banks in the Czech Republic granted mortgages worth CZK 138 billion last year, 25 billion less than in 2022. The volume of loans from building savings fell by CZK 20 billion to CZK 34 billion.

The group estimates that prices of apartments and houses fell in the fourth quarter of last year, while land prices rose.

Do you think there will be a recovery in the domestic mortgage and real estate market in 2024?


I think there will be a recovery from last year

But I don't expect as much house price growth as in 2019-2021

Me personally, too, but as you write, there will probably be some price increases, but for me it won't be that significant, at least not like in the 19-21 period.

So far in the last quarter, when I looked at the stats , the bigger cities started to stagnate and some places even had +2%, so we'll see what this year holds :)