Despite the economic impacts of the coronavirus crisis, Czechs are borrowing record amounts for housing. During the first nine months of the year, Czech banks provided mortgages for CZK 172, setting a record for that period. “This year’s increase in the number of mortgages is surprisingly strong. In terms of the total volume of mortgages, it will probably exceed records from 2016 and 2017,” ING’s main economist Jakub Seidler told the daily Hospodářské noviny.
