From today, the recommendation of the Czech National Bank regarding tighter mortgage lending applies

As a result, banks have recorded a twenty to thirty percent increase in interest in mortgages over the past few weeks compared to other months. They expect a decline in this interest starting this month.

"The number of new mortgages in August and September was one third higher compared to July," said Czech Savings Bank spokesman Filip Hrubý to ČTK. Due to the stricter regulations that take effect today, according to their analyses, up to a quarter of current applicants may not qualify for a mortgage, especially residents of Prague, Brno, and Olomouc. He predicts that due to stricter regulations, rising real estate prices, and a lack of new apartments, the number of new mortgages will decrease by up to a third in the fourth quarter.