Interest in new mortgages has risen by more than half on last year. Will they get cheaper, or will property prices rise?
Interest in new mortgages has risen by more than half year on year. This is what financial experts are pointing out. Estate agencies are busy too. Both the mortgage market and the property market have picked up. We looked into whether mortgages will get even cheaper and what the increased demand will do to property prices.
“Demand for both new homes and flats on the secondary market – that is, second-hand properties – is considerably higher. We can say that since the beginning of the year, as interest rates fell, demand has doubled compared with last year,” said Wilusa real estate analyst Viktor Obtulovič.
Find out more in the report for STVR’s main news programme Hlavné správy, in which Viktor Obtulovič commented.
