{"id":235889,"date":"2021-09-19T12:07:12","date_gmt":"2021-09-19T11:07:12","guid":{"rendered":"http:\/\/zakrasnejsivimperk.cz\/?p=235889"},"modified":"2021-09-19T12:09:10","modified_gmt":"2021-09-19T11:09:10","slug":"analyza-cs-sporitelny-blizi-se-konec-hypotecniho-boomu-a-kam-az-muzou-vystoupat-sazby-z-hypotek","status":"publish","type":"post","link":"https:\/\/zakrasnejsivimperk.cz\/?p=235889","title":{"rendered":"ANAL\u00ddZA \u010cS. SPO\u0158ITELNY: Bl\u00ed\u017e\u00ed se konec hypote\u010dn\u00edho boomu? A kam a\u017e m\u016f\u017eou vystoupat sazby z hypot\u00e9k?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-216005 size-full\" src=\"http:\/\/zakrasnejsivimperk.cz\/wp-content\/uploads\/2021\/02\/16\/\u010desk\u00e1-spo\u0159itelna-logo.png\" alt=\"\" width=\"1200\" height=\"632\" srcset=\"https:\/\/zakrasnejsivimperk.cz\/wp-content\/uploads\/2021\/02\/16\/\u010desk\u00e1-spo\u0159itelna-logo.png 1200w, https:\/\/zakrasnejsivimperk.cz\/wp-content\/uploads\/2021\/02\/16\/\u010desk\u00e1-spo\u0159itelna-logo-300x158.png 300w, https:\/\/zakrasnejsivimperk.cz\/wp-content\/uploads\/2021\/02\/16\/\u010desk\u00e1-spo\u0159itelna-logo-768x404.png 768w, https:\/\/zakrasnejsivimperk.cz\/wp-content\/uploads\/2021\/02\/16\/\u010desk\u00e1-spo\u0159itelna-logo-1024x539.png 1024w, https:\/\/zakrasnejsivimperk.cz\/wp-content\/uploads\/2021\/02\/16\/\u010desk\u00e1-spo\u0159itelna-logo-678x357.png 678w, https:\/\/zakrasnejsivimperk.cz\/wp-content\/uploads\/2021\/02\/16\/\u010desk\u00e1-spo\u0159itelna-logo-917x483.png 917w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h6><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-235891 size-full\" src=\"http:\/\/zakrasnejsivimperk.cz\/wp-content\/uploads\/2021\/09\/19\/grafy-spo\u0159itelna-2.png\" alt=\"\" width=\"329\" height=\"223\" srcset=\"https:\/\/zakrasnejsivimperk.cz\/wp-content\/uploads\/2021\/09\/19\/grafy-spo\u0159itelna-2.png 329w, https:\/\/zakrasnejsivimperk.cz\/wp-content\/uploads\/2021\/09\/19\/grafy-spo\u0159itelna-2-300x203.png 300w\" sizes=\"(max-width: 329px) 100vw, 329px\" \/><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-216715 alignleft\" src=\"http:\/\/zakrasnejsivimperk.cz\/wp-content\/uploads\/2021\/02\/25\/michal-sko\u0159epa.jpg\" alt=\"\" width=\"104\" height=\"133\" \/>Podle \u010derstv\u00fdch dat serveru hypoindex.cz \u010dinil objem nov\u011b poskytnut\u00fdch hypot\u00e9k v\u00a0srpnu 33,7 mld. K\u010d. Historicky vzato je to op\u011bt hodn\u011b \u2013 viz posledn\u00ed sloupec v\u00a0n\u00e1sleduj\u00edc\u00edm grafu:<\/h6>\n<p>&nbsp;<\/p>\n<p>Nicm\u00e9n\u011b ve srovn\u00e1n\u00ed s\u00a0leto\u0161n\u00edm \u010dervencem jde o mezim\u011bs\u00ed\u010dn\u00ed pokles o 4 %. P\u0159itom pr\u016fm\u011brn\u00e1 hodnota mezim\u011bs\u00ed\u010dn\u00ed zm\u011bny z\u00a0\u010dervence na srpen v\u00a0obdob\u00ed 2015-2019 je naopak kladn\u00e1, a to kolem 14 %. M\u016f\u017ee se tak zd\u00e1t, \u017ee \u010desk\u00fd hypote\u010dn\u00ed boom kone\u010dn\u011b za\u010d\u00edn\u00e1 ustupovat.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-235890 size-full\" src=\"http:\/\/zakrasnejsivimperk.cz\/wp-content\/uploads\/2021\/09\/19\/grafy-spo\u0159itelna-1.png\" alt=\"\" width=\"309\" height=\"296\" srcset=\"https:\/\/zakrasnejsivimperk.cz\/wp-content\/uploads\/2021\/09\/19\/grafy-spo\u0159itelna-1.png 309w, https:\/\/zakrasnejsivimperk.cz\/wp-content\/uploads\/2021\/09\/19\/grafy-spo\u0159itelna-1-300x287.png 300w\" sizes=\"(max-width: 309px) 100vw, 309px\" \/>Bylo by to logick\u00e9: objemy nov\u00fdch hypot\u00e9k v\u00a0posledn\u00edch m\u011bs\u00edc\u00edch z\u016fst\u00e1valy na vysok\u00fdch \u00farovn\u00edch prim\u00e1rn\u011b\u00a0nejsp\u00ed\u0161\u00a0v\u00a0p\u0159edtu\u0161e r\u016fstu \u00farokov\u00fdch sazeb z\u00a0nov\u00fdch hypot\u00e9k (frontloading), a s\u00a0prob\u00edhaj\u00edc\u00edm napl\u0148ov\u00e1n\u00edm t\u00e9to p\u0159edtuchy lze tedy \u010dekat pokles z\u00e1jmu o dal\u0161\u00ed hypot\u00e9ky. Jde nicm\u00e9n\u011b o velmi kol\u00edsav\u00e1 data, tak\u017ee bude dobr\u00e9 s\u00a0t\u00edmto verdiktem je\u0161t\u011b aspo\u0148 m\u011bs\u00edc po\u010dkat.<\/p>\n<p>Pr\u016fm\u011brn\u00e1 \u00farokov\u00e1 sazba z\u00a0hypot\u00e9k poskytnut\u00fdch v\u00a0srpnu vzrostla dle t\u00e9ho\u017e zdroje o 9bb na 2,32 %. Zku\u0161enost ohledn\u011b vazby sazeb z\u00a0nov\u00fdch hypot\u00e9k na p\u011btiletou sazbu na mezibankovn\u00edm trhu (IRS) od ledna 2017 zachycuje n\u00e1sleduj\u00edc\u00ed graf (\u010derven\u011b jsou hodnoty z\u00a0posledn\u00edch m\u011bs\u00edc\u016f; hypote\u010dn\u00ed sazby jsou z\u00a0d\u00edlny \u010cNB, a tud\u00ed\u017e jsou k\u00a0dispozici jen do \u010dervence a od hodnot uv\u00e1d\u011bn\u00fdch na serveru hypoindex.cz se m\u00edrn\u011b li\u0161\u00ed):<\/p>\n<p>Pokud bude v\u0161e fungovat podobn\u011b jako od po\u010d\u00e1tku roku 2017 doposud a pokud se napln\u00ed aktu\u00e1ln\u00ed progn\u00f3za \u010cesk\u00e9 spo\u0159itelny, \u017ee p\u011btilet\u00fd IRS by v\u00a0nejbli\u017e\u0161\u00edch letech nem\u011bl p\u0159ekro\u010dit hladinu 2,5 %, pak by sazby z\u00a0hypot\u00e9k nem\u011bly v\u00a0nejbli\u017e\u0161\u00edch letech vystoupit v\u00fd\u0161e ne\u017e na cca 3 %. Hodnot z\u0159eteln\u011b nad touto hranic\u00ed, kde byly naposled p\u0159ed rokem 2013, bychom se tedy b\u00e1t nem\u011bli.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Michal SKO\u0158EPA,\u00a0ekonom \u010cesk\u00e9 spo\u0159itelny a \u010dlen V\u00fdboru pro rozpo\u010dtov\u00e9 progn\u00f3zy<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; &nbsp; <\/p>\n","protected":false},"author":2,"featured_media":216005,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[19],"tags":[],"jetpack_featured_media_url":"https:\/\/zakrasnejsivimperk.cz\/wp-content\/uploads\/2021\/02\/16\/\u010desk\u00e1-spo\u0159itelna-logo.png","_links":{"self":[{"href":"https:\/\/zakrasnejsivimperk.cz\/index.php?rest_route=\/wp\/v2\/posts\/235889"}],"collection":[{"href":"https:\/\/zakrasnejsivimperk.cz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zakrasnejsivimperk.cz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zakrasnejsivimperk.cz\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/zakrasnejsivimperk.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=235889"}],"version-history":[{"count":2,"href":"https:\/\/zakrasnejsivimperk.cz\/index.php?rest_route=\/wp\/v2\/posts\/235889\/revisions"}],"predecessor-version":[{"id":235893,"href":"https:\/\/zakrasnejsivimperk.cz\/index.php?rest_route=\/wp\/v2\/posts\/235889\/revisions\/235893"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zakrasnejsivimperk.cz\/index.php?rest_route=\/wp\/v2\/media\/216005"}],"wp:attachment":[{"href":"https:\/\/zakrasnejsivimperk.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=235889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zakrasnejsivimperk.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=235889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zakrasnejsivimperk.cz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=235889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}