Publication presenting encumbrance of collateral for household mortgage loans based on data for 2024 Q3 is now available

The data reported for household mortgage lending have been derived from HITREG, the MNB’s Credit Register database. The publication presents the value of the so-called Loan-to-Value ratio (LTV: the ratio of the collateral value to the total amount of loan taken against it), which is used to measure the encumbrance of collateral for household mortgage loans, with regional and time-series charts.

Based on 2024 Q3 data, the encumbrance of real estate collateral for housing loans rose slightly relative to previous quarters; however, this reflected, on the one hand, higher LTV ratios for first-home buyers with more favourable risk profiles and the fact that the debt service-to-income ratio continues to be moderate, on the other. As a result, excessive household indebtedness and financial stability risks have not been identified.

To access the publication please follow this link.

Vissza a tetejére

The primary objective of the MNB shall be to achieve and maintain price stability. (...) Without prejudice to its primary objective, the MNB shall support the maintenance of the stability of the system of financial intermediation, the enhancement of its resilience, its sustainable contribution to economic growth; furthermore, the MNB shall support the government’s economic policy and its policy related to environmental sustainability, using instruments at its disposal.