Mortgages continue to become more expensive, people are more cautious when buying real estate

Mortgage rates have increased for the eighth consecutive month, reaching an average of six percent in November. Property prices are also rising, leading to decreased interest from households and investors in purchasing real estate. Those looking to buy investment properties are being more cautious due to a slowdown in rental growth, which negatively impacts investment returns. However, banks have not reported a decline in the volume of mortgage loans, with new mortgages amounting to 28 billion crowns in September, a five percent increase from August.