The average interest on home loans reached a new record

BRATISLAVA, July 4 (WebNoviny.sk) – The average interest rate on loans granted for housing has reached 1.46 % in May

According to Fincentrum it is a new record. Bank customers lent more than 820 mil. euros. "We expect the June figures to be very high, customers have been frontloaded before the new measures by the National Bank of Slovakia, and the deadline for approving applications has been extended significantly", said the analyst Fincentra Peter Vilaggi .

The situation seemed similar last December, when customers used the last chance to obtain a mortgage for young people with advantageous and original terms and conditions. At that time the banks provided more than EUR 826 million, the highest amount since June 2016.

"It will be interesting to see what will bring the autumn. expect that the financing of 80% of the value of the property will gradually be increased by the banks.On the other hand, one of the institutions can still try to fight in the field of refinancing loans because in this area, the stricter conditions of the NBS do not apply, "said Vilaggi .

The new measures of the National Bank of Slovakia will limit the highest rate of growth of the debt of Slovak households among all the countries of the European Union

The central bank has capped the income available total household. Most clients will not be able to borrow more than eight times their annual income. At the same time, the income reserve has increased, which must remain after deducting expenses from 15% to 20%. The financing of more than 90% of the value of the property is no longer provided by the banks. 80% of mortgages will be reduced more and more

According to the analyst, the pace of the National Bank of Slovakia can not be attributed to him "They are necessary to maintain the financial stability of the banking sector. even with regard to upcoming changes in the real estate savings system, housing will be less accessible to young people in particular.What would not be a problem anymore if they had an alternative in the form of 39, a rental housing that hardly exists in Slovakia " Világi added.

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