Spectator on facebook

Spectator on facebook

Average interest rate for mortgages reached new record

THE AVERAGE interest rate for mortgage reached new record when it decreased to 3.13 percent per year. The reason is a deduction of interest rates in the category of three and five years fixed rates, according to Fincentrum analysis using data from the National Bank of Slovakia (NBS), the TASR newswire reported on November 3.

THE AVERAGE interest rate for mortgage reached new record when it decreased to 3.13 percent per year. The reason is a deduction of interest rates in the category of three and five years fixed rates, according to Fincentrum analysis using data from the National Bank of Slovakia (NBS), the TASR newswire reported on November 3.

“Mortgages with three years fixed rates are currently selling with a 2 percent interest rate and in case of five years fixed even a 2.2-percent rate occurred,” senior analyst of Fincentrum Peter Világi said, as quoted by TASR.

After summer months even the volume of provided mortgage credit has increased. In September banks loaned €418 million for mortgages which is a monthly increase of 14.7 percent.

“The last quarter of the year is always the strongest therefore it could be expected that we will overcome the current record of €507 million which banks provided in May this year,” Világi said, as quoted by TASR. “Current advantageous conditions will contribute to this for sure.”

Source: TASR

Compiled by Roman Cuprik from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

EU roaming fees to end on June 15 – in theory

Slovak customers still waiting to find out how mobile operators will implement change.

Archaeologist pieces together early history of what is now western Slovakia Photo

For an archaeologist, the most important thing is his most recent rare discovery, says Július Vavák.

Students visited Svätý Jur as part of their European Wanderer project

How to sell Slovak books to English readers

Slovak literature makes it to the big bookstores of London, but it is unlikely to become a bestseller yet.

On Wednesday, Slovak literature will be presented in one of the biggest bookstores in London. Among the new books translated into English is also the anthology of current Slovak prose selected and translated by Magdalena Mullek and Júlia Sherwood.

General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

Jaromír Čižnár