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Banks granted mortgages worth CZK 150 billion last year, down by a quarter year-on-year.

- Banks and building societies granted mortgage loans worth CZK 150 billion last year, down by almost a quarter year-on-year. New loans excluding refinancing amounted to CZK 124 billion. Interest rates continued to fall in December, dropping from 5.67 per cent in November to 5.65 per cent, the lowest since mid-2022.

- The data is supplied by all banks and building societies providing mortgages on the Czech market.

Will the volume of mortgage loans in the country increase/decrease this year?

As the rate decreases, volumes should increase. I'm curious to see how real estate prices will behave.

If the volume increases, it will certainly support the growth of real estate prices.