Image from a publication by Czech News Agency / České noviny
Image from a publication by Czech News Agency / České noviny, 14 October 2026

According to the Hypomonitor statistics of the Czech Banking Association, banks and building societies provided mortgage loans worth CZK 35.4 billion in September 2026. That is a six percent fall against September 2025 and a three percent rise against August 2026.[1]

New loans excluding refinancing rose by five percent month on month to CZK 28 billion. The number of new mortgages grew by 2.9 percent to 5,995 and was 12 percent lower year on year. Refinanced and increased loans reached CZK 7.5 billion, and their share of the total volume fell to 21.1 percent.[1] The volume of refinanced and increased loans was six percent above the 2025 average and 91 percent above the 2024 average, and the average rate on refinanced mortgages was 5.05 percent, which is 0.55 percentage points more than a year earlier. [1]

The average interest rate rose to 5.1 percent from five percent in August. Its lowest value this year was 4.43 percent, in March. For new mortgages the average rate in September was 0.58 percentage points higher than a year earlier, while the 2025 average was 4.58 percent and the 2024 average 5.07 percent. The year-on-year rise in the rate raises the monthly instalment of an average mortgage by roughly CZK 1,500. [1] Czech National Bank left its base rate at 3.75 percent, yet five-year interest rate swaps rose by 0.35 percentage points in September to an average of 4.85 percent.[1] That was the highest monthly average in the previous twelve months and 1.2 percentage points above the 2025 average. [1]

Together with a higher average mortgage size, the rise in rates compared with the 2025 average increased the average monthly instalment of a newly granted mortgage by CZK 3,900. The instalment on a mortgage of one million crowns with a thirty-year maturity is currently around CZK 5,400. Vilém Mádr, a product manager at Česká spořitelna, said that with high property prices and high rates, clients are being offered a shorter fixation period, for example two years. [1]

Chronology

  • — Banks granted mortgages worth CZK 35.4 billion in September, three percent more than in August. ČTK / České noviny iROZHLAS

Sources

  1. ČTK / České noviny — 14 October 2026