Slovak mortgages may soon be among the most expensive in eurozone

Slovak mortgages have recently been among the cheapest in the eurozone and may soon be among the most expensive, warns Daniel Kollár, CEO of ČSOB in Slovakia. The reason is a new bank tax and rising interest rates paid by the government on its debt. Slovak mortgage rates may thus rise this year even after the ECB cuts its key rate. Kollár expects mortgages to become cheaper next year, when the real estate market recovers.

(dennikN.sk)