More than a third granted to housing loans in the second quarter | Economy

There was also a decrease in credit applications and the amount requested in the second quarter by about 29 percent.

At the same time that demand is falling, interest rates continue to rise. In May, according to figures from the National Bank, it averaged 4.66 percent for loans with an initial price fixation period of up to one year and an average of 3.28 percent for loans with an initial price fixation period of more than 10 years. Almost all borrowers, 96 percent, choose a fixed rate.

And the number of loans for building a home fell by 51 percent, the largest decline among all types of mortgage loans. Renovation loans are down 43 percent, purchase-with-renewal loans are down 30 percent, and the number of loans to buy a home is down dramatically, down 28 percent.

The drop in refinancing was even more dramatic: -78 percent. This is not surprising in an environment of rising interest rates.

On average, €193,000 was borrowed to buy a home, up slightly. For a construction loan, the average amount increased slightly to €211,000.

In the first quarter, credit demand was also significantly lower. This decline began to appear in the third quarter of last year and increased further in the most recent quarter.