Building savings - in 2012, the number of new contracts rose by 5.5%, but the total number of contracts decreased

According to statistics from the Ministry of Finance was in 2012 in the Czech Republic, a total of 433,093 new building savings contracts, which represents an annual increase of 5.5%. Nevertheless, the total number of contracts in the savings phase decreased by 5.1% to 4.317 million. Total participants have contracts to save at nearly 435 billion crowns, which represents an annual growth of 0.4%.

Average target value for new contracts rose by 5.7% to 366,000 CZK. Number of building loans decreased by 6.5% to 894,358 cases worth a total of 282.2 billion CZK

The volume of state aid remitted building savings decreased by 50.7% to 5.29 billion CZK Data on the average amount of state aid last year, unfortunately, are not yet available. In 2011, aid went down by almost 50% to 1,324 CZK.

The sharp decline in state aid granted during 2012 was related mainly to the change of Act No. 96/1993 Coll., On building savings and state support savings, which, with effect from 01.01.2011 reduced state aid granted to deposit 10% of the amount saved in the calendar year, the maximum amount of CZK 20,000, ie a maximum of CZK 2,000, while the total advances state aid to all the contracts participant in a calendar year shall not exceed the limit of 2,000 CZK.

The structure of the new building loans are long-term change. Most (86.42%), building loans, according to data building societies used to repay the bridging loan, another 8.20% is devoted to reconstruction and modernization.For new bridging loans was 41.37% earmarked for modernization and reconstruction, 26.55% for the purchase of an apartment or house, and 7.72% for the construction of new houses or apartments.