Mortgage interest rates should not rise much, analysts of Slovak banks assume. By the end of the year, with a 5-year fixation, it could continue to hover around 4.5 percent.
If expectations are fulfilled that the European Central Bank (ECB) will stop raising interest rates in the coming months, mortgages could become slightly cheaper next year. However, analysts do not expect a fundamental decline.
The ECB raised its key interest rates by 0.25 percentage points to 3.25 percent on Thursday, which is lower than in previous months.
We asked bank analysts:
How do you estimate the further growth of interest rates on mortgages and why? For example, what could the interest rate be for a five-year fix at the end of this year? Do you expect interest rates to rise next year as well?
Ľubomír Koršňák from UniCredit Bank, Tibor Lörincz from Tatra banka, Zdenko Štefanides from VÚB banka and Marek Gábriš from ČSOB answered.
Here are their answers: