Cheaper mortgages lead to an increase in real estate prices, experts confirm. CNB is forced to reduce rates cautiously Economy

Cheaper mortgages lead to an increase in real estate prices, experts confirm. CNB is forced to reduce rates cautiously Economy
Cheaper mortgages lead to an increase in real estate prices, experts confirm. CNB is forced to reduce rates cautiously Economy
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Michl included in the list of pro-inflationary risks the potential excessive development of the volume of investment in the economy due to mortgages and personal debt.

The last time NB changed its key repo rate from 6.25 to 5.75 percent was 13 days ago.

The real estate market is one of the pro-inflationary factors, and of course, lower interest rates affect mortgages and push the price up. This certainly interferes with the thinking of NB, said the chief investment economist of Cyrrus Vt Hradil to the server Lidovky.cz. In Germany, which depends on the price of the apartment and house, how does inflation enter into the input.

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The article is in Czech

Tags: Cheaper mortgages lead increase real estate prices experts confirm CNB forced reduce rates cautiously Economy

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