Mortgage payments slicing off a third of people’s incomes

18-05-2014

Mortgage payments on average slice off a third of people’s incomes in the Czech Republic, with Prague inhabitants paying up to three times as much as people in other parts of the country, according to data collected by Golem Finance and released by the Czech Statistics Office. Mortgages in Prague amount to three fifths of the borrower’s income, followed by mortgages in south Bohemia which slice off 32 percent on average. The cheapest mortgages are in the Ustí region north of Prague, which only amount to 12 percent of a borrower’s income on average.