Czech Republic Mortgages
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Our property services in the Czech Republic
From our head office in Prague we deliver a full range of property services, from rentals and property management to resales. Our property services cover the main cities in the Czech Republic such as Prague, Brno and Ostrava. Contact us to find out more about our Czech property services. |
The mortgage market in the Czech Republic has matured substantially in the last few years and now has probably the best mortgage market in Central and Eastern Europe.
Highlights of the Czech mortgage market
- traditionally a low base rate country
- high LTV finance, 80-85% is typical
- interest rates between 5.0 - 6.0%
- 30 year terms
- upfront costs 0 to 1%
- relatively painless paperwork
- mortgages available for self-employed persons
- refinance is available
- currently interest only mortgages are not available
The size of the mortgage market (compared to GDP) is still quite small, thus there is huge room for growth.
In 2007 the mortgage market grew almost 50%, Czech banks have been making records profits and the competition between them is driving improvements for customers.
Please contact us for a mortgage quote.
Mortgage Data table
| Base rate | 1.75% |
| LTV Max | 100% |
| LTV Typical | 80-85% |
| Interest Rates Typical | 5 - 6% |
| Term Max | 30 years |
| Term Typical | 20 -30 years |
| Bank Fees | 0 - 1% |
| Currencies | CZK |
| Time taken to obtain | 1-2 months |
| Refinance? | Yes |
| Self-employed? | Yes |
| Non-status? | Yes |
| Interest only? | No |