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Analysis of mortagage credits on the market in the Czech Republic
Muselíková, Klára ; Steininger, Michal (advisor) ; Ondřej, Ondřej (referee)
The thesis deals with analysis of Czech mortgage market. Main goal of thesis is to compare the analysed mortgage products according to the most important criterias, followed by recommendation of the most suitable product in model situations. The theoretical part describes the relevant basic concepts, starting by clarifying the basic concepts around mortgage from applicants profiles up to the very process of mortgage acquiring. The results of questionnaires used in the second part of thesis have determined the criterias which are the most important for applicants while choosing the product and also which criterias are essential for other stakeholders - mortgage providers. The relevant questions from questionnaire were then used to define the model situation. The thesis also analyses the mortgage market in years 2000 - 2015, its development of products, interest rates and its share between providers. Specific banking institutions were chosen for comparison purposes - Hypoteční banka, Česká spořitelna, Komerční banka, Raiffeisenbank, UniCredit Bank and Sberbank. From each bank was chosen one product which corresponded to predetermined criterias. The individual products have got their information gathered from banks' pricelists, while individual mortgages were compared using the scoring method of multi-criteria decision analysis. Based on this method, the best product named Hypoteční úvěr Plus by Komerční banka was selected with an average fixed interest rate of 3,6 % p.a., but with very low charges from bank. The best mortgage product within the model situation was Hypotéka na bydlení KLASIK by Raiffeisenbank with fixed interest rate 2,19 % p.a. for 5 years with bank charges 128 832,- CZK at 264 instalments (22 years mortgage).
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