The number of loans granted from the beginning of the year to the end of October fell by 16.3 percent year-on-year to 38,035. The decrease is at the expense of loans for which people guarantee their own real estate. The building societies provided even 63.5 percent less year-on-year, their volume then fell by 66.5 percent, to 10.5 billion crowns. In contrast, the number of unsecured loans remained at last year’s level and their volume increased by two percent to 17.2 billion crowns.
This year’s drop is all the more dramatic as it is compared to last year’s numbers. And last year, building societies provided loans in half the volume compared to the record year 2021.
In the first ten months of the year, building societies concluded 367,000 new construction savings contracts, which was 16.2 percent less year-on-year. The target amount of savings, on the other hand, increased by 6.8 percent to a total of 252.5 billion crowns.
According to analysts, the building savings market was also affected this year by conjectures about how the government’s plans for the recovery of public finances will affect it. The cabinet initially considered the complete end of state support for new contracts, but finally agreed to reduce it to half from the current maximum amount of two thousand crowns per year. The reduction will apply to both new and existing contracts. The amendment has already been considered by both chambers of the Parliament, the president’s opinion is awaited.