The average mortgage rate in the Czech Republic fell from 2.99 percent in February to 2.90 percent in March, according to data released on Wednesday by market analysts Fincentrum.
It was the biggest one-month decline seen in four years and led to a considerably higher number of new mortgage contracts being signed than in the previous months.
Interest rates hit a lot of 1.77 percent in the Czech Republic in December 2016. Since that time they have been on a generally upward trend.
Language exams for foreigners seeking permanent residency permit to become tougher
Czech teenager builds second-largest ever Millennium Falcon LEGO model
Gunman kills six patients in Ostrava hospital, two more fighting for their lives
HN: Developers aiming to sell co-living concept in Prague
Veronika Čáslavová: sex trafficking still a taboo topic in Czechia