Banks Raise Interest Rates on Housing Loans
4 Articles
4 Articles
REAL ESTATE PRICES continue to rise, and banks like Erste and RBA are raising interest rates on housing loans. Analysts see this as a logical response to inflation, which is making it even more difficult to buy a home.
Real estate prices continue to rise, and now housing loans are also becoming more expensive. Erste Bank has raised interest rates by 0.25 percentage points on new loans, and they explain this move by harmonizing with market conditions.
According to data from the Croatian Banking Association, the average interest rate on housing loans in Croatia is 2.91 percent, while the eurozone average is 3.54 percent.
Nekretninski puls research confirms that real estate price growth does not follow wage growth and that borrowing was significantly more favorable five years ago.
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