Česká Spořitelna (ČS) extended over 7,000 mortgages totalling CZK 13.5bn in Q3 2015, up 51% y/y. ČS’ mortgage manager Karel Chábek has stated that the bank predicts similar results for Q4 2015. The average mortgage grew from last year’s CZK 1.6m to CZK 1.9m. The average repayment term remains at 25 years. Mortgages are most demanded in Prague.
Source: www.cianews.cz
