Czech Republic mortgages attract foreign investors
Czech Republic mortgages attract foreign investors
14th July 2008
By Anna Grybel-Kloc
The mortgage sector in Czech is still developing, with the ration of mortgage debt to GDP standing at only 9.1% (2006).
Yet the sector is very attractive and competitive for foreign borrowers, especially when compared to other CEE countries.
In fact, the finance factor is what makes the Czech Republic especially appealing to property investors.
There are three main factors that characterise the mortgage industry in Czech:
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