{"id":195249,"date":"2026-08-29T09:28:14","date_gmt":"2026-08-29T09:28:14","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/195249\/"},"modified":"2026-08-29T09:28:14","modified_gmt":"2026-08-29T09:28:14","slug":"ocima-byznysu-sazby-rostou-poptavka-trva-co-ceka-klienty-s-koncici-fixaci","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/195249\/","title":{"rendered":"O\u010dima byznysu: Sazby rostou, popt\u00e1vka trv\u00e1. Co \u010dek\u00e1 klienty s\u00a0kon\u010d\u00edc\u00ed fixac\u00ed?"},"content":{"rendered":"

V\u011bt\u0161ina lid\u00ed by si p\u0159\u00e1la bydlet ve sv\u00e9m. Realita je ale takov\u00e1, \u017ee m\u00e1lokdo si m\u016f\u017ee dovolit vlastn\u00ed bydlen\u00ed zaplatit v\u00a0hotovosti. P\u0159edev\u0161\u00edm mlad\u00e9 rodiny nem\u011bly dostatek \u010dasu, aby si na vlastn\u00ed bydlen\u00ed na\u0161et\u0159ily a\u00a0s p\u0159\u00edchodem d\u011bt\u00ed je rodinn\u00fd rozpo\u010det tak zat\u00ed\u017een, \u017ee v\u011bt\u0161ina rodin si o\u00a0v\u00fdrazn\u011bj\u0161\u00edm spo\u0159en\u00ed m\u016f\u017ee leda nechat zd\u00e1t.<\/p>\n

Hypote\u010dn\u00ed \u00fav\u011br se tedy stal b\u011b\u017enou sou\u010d\u00e1st\u00ed na\u0161ich \u017eivot\u016f. A\u00a0i kdy\u017e m\u00e1lokdo si p\u0159eje b\u00fdt po zna\u010dnou \u010d\u00e1st aktivn\u00edho \u017eivota zadlu\u017een, hypot\u00e9ka je dnes pro v\u011bt\u0161inu dom\u00e1cnost\u00ed jedinou cestou, jak si vlastn\u00ed bydlen\u00ed po\u0159\u00eddit.<\/p>\n

Nadpr\u016fm\u011brn\u00fd rok, a\u00a0to i\u00a0v historick\u00e9m srovn\u00e1n\u00ed<\/p>\n

Z pohledu z\u00e1jmu o\u00a0hypote\u010dn\u00ed \u00fav\u011bry m\u016f\u017eeme rok 2026\u00a0sm\u011ble ozna\u010dit za nadpr\u016fm\u011brn\u00fd. A\u00a0to nejen ve srovn\u00e1n\u00ed s\u00a0n\u011bkolika p\u0159edchoz\u00edmi lety, kdy hypote\u010dn\u00ed trh prod\u011blal postcovidov\u00fd propad, ze kter\u00e9ho se jen pomalu zotavoval, ale i\u00a0ve srovn\u00e1n\u00ed s\u00a0celou novodobou histori\u00ed.<\/p>\n

Historick\u00e9 srovn\u00e1n\u00ed je trochu z\u00e1ludn\u00e9, proto\u017ee jak b\u011bhem mnoha posledn\u00edch let rostly ceny nemovitost\u00ed, tak podobn\u00fdm tempem rostla velikost pr\u016fm\u011brn\u00e9 hypot\u00e9ky, kterou si lid\u00e9 na st\u00e1le dra\u017e\u0161\u00ed nemovitosti sjedn\u00e1vali. Proto fakt, \u017ee v\u00a0b\u0159eznu a\u00a0dubnu jsme dokonce zaznamenali dva historicky nejlep\u0161\u00ed m\u011bs\u00edce z\u00a0pohledu objemu sjednan\u00fdch hypot\u00e9k, je dlouhodob\u00fdm r\u016fstem pr\u016fm\u011brn\u00e9 hypot\u00e9ky pon\u011bkud zkreslen.<\/p>\n

Pokud se pod\u00edv\u00e1me nikoliv na objem, ale na po\u010det sjednan\u00fdch hypot\u00e9k, zjist\u00edme, \u017ee historick\u00e1 maxima letos sice nepadla, ale z\u00e1jem je rozhodn\u011b vysoce nadpr\u016fm\u011brn\u00fd.<\/p>\n

Podle \u00fadaj\u016f \u010cesk\u00e9 n\u00e1rodn\u00ed banky a\u00a0\u010cesk\u00e9 bankovn\u00ed asociace si klienti v\u00a0prvn\u00edm pololet\u00ed leto\u0161n\u00edho roku sjednali p\u0159es 65\u00a0tis. hypote\u010dn\u00edch \u00fav\u011br\u016f v\u00a0objemu zhruba 265\u00a0mld. K\u010d.<\/p>\n

Klienta nezaj\u00edmaj\u00ed statistiky, ale jeho vlastn\u00ed sazba<\/p>\n

Klienty v\u0161ak v\u011bt\u0161inou p\u0159\u00edli\u0161 nezaj\u00edm\u00e1, kolik hypot\u00e9k se v\u00a0tom \u010di onom obdob\u00ed sjednalo. Sp\u00ed\u0161e se zaj\u00edmaj\u00ed o\u00a0podm\u00ednky sv\u00e9 vlastn\u00ed hypot\u00e9ky. A\u00a0podm\u00ednky, to je z\u00a0pohledu klienta p\u0159edev\u0161\u00edm \u00farokov\u00e1 sazba, proto\u017ee ta m\u00e1 p\u0159\u00edm\u00fd dopad na rodinn\u00fd rozpo\u010det. V\u00a0tomto ohledu bohu\u017eel trh moment\u00e1ln\u011b p\u0159\u00edli\u0161 optimismu nenab\u00edz\u00ed.<\/p>\n

V\u0161ichni si pamatujeme mnohalet\u00e9 obdob\u00ed \u00farokov\u00fdch sazeb okolo dvou a\u017e t\u0159\u00ed procent. Toto obdob\u00ed p\u0159ed n\u011bkolika lety ukon\u010dila slo\u017eit\u00e1 geopolitick\u00e1 situace spojen\u00e1 s\u00a0epizodou vysok\u00e9 inflace. \u00darokov\u00e9 sazby hypot\u00e9k se dokonce dostaly a\u017e p\u0159es \u0161est procent, ale n\u00e1sledn\u00fd postupn\u00fd pokles n\u00e1s napl\u0148oval m\u00edrn\u00fdm optimismem, \u017ee cenov\u00e9 podm\u00ednky se p\u0159ece jen vrac\u00ed na p\u0159ijateln\u011bj\u0161\u00ed \u00farovn\u011b.<\/p>\n

Bohu\u017eel konflikt na Bl\u00edzk\u00e9m v\u00fdchod\u011b trend v\u00fdvoje \u00farokov\u00fdch sazeb oto\u010dil a\u00a0hypot\u00e9ky ji\u017e n\u011bkolik m\u011bs\u00edc\u016f v\u00a0\u0159ad\u011b postupn\u011b zdra\u017euj\u00ed. Aktu\u00e1ln\u00ed \u00farokov\u00e9 sazby se pohybuj\u00ed kolem p\u011bti procent a\u00a0zat\u00edm se nebl\u00fdsk\u00e1 na lep\u0161\u00ed \u010dasy.<\/p>\n

Zdra\u017eov\u00e1n\u00ed hypot\u00e9k je nep\u0159\u00edjemn\u00e9 pro klienty, kte\u0159\u00ed si cht\u011bj\u00ed sjednat novou hypot\u00e9ku. \u010c\u00edm vy\u0161\u0161\u00ed sazba, t\u00edm vy\u0161\u0161\u00ed spl\u00e1tka. \u010c\u00edm vy\u0161\u0161\u00ed spl\u00e1tka, t\u00edm v\u011bt\u0161\u00ed z\u00e1t\u011b\u017e rozpo\u010dtu a\u00a0v n\u011bkter\u00fdch p\u0159\u00edpadech se m\u016f\u017ee i\u00a0st\u00e1t, \u017ee klient na hypot\u00e9ku s\u00a0vy\u0161\u0161\u00ed spl\u00e1tkou prost\u011b nedos\u00e1hne. Ale a\u0165 u\u017e tak nebo tak, klient \u017e\u00e1daj\u00edc\u00ed novou hypot\u00e9ku v\u00ed, do \u010deho jde.<\/p>\n

Odli\u0161n\u011b v\u0161ak situaci mohou vn\u00edmat klienti, kte\u0159\u00ed si hypot\u00e9ku sjednali p\u0159ed lety, tedy v\u00a0dob\u011b, kdy \u00farokov\u00e9 sazby byly zhruba polovi\u010dn\u00ed. \u010clov\u011bk by m\u011bl po\u010d\u00edtat s\u00a0t\u00edm, \u017ee \u00farokov\u00e1 sazba hypot\u00e9ky se v\u00a0budoucnu m\u016f\u017ee zv\u00fd\u0161it. Ale dokud se to nestane, tak si to jen m\u00e1lokdo z\u00a0n\u00e1s skute\u010dn\u011b p\u0159ipou\u0161t\u00ed.<\/p>\n

Konec fixace: zdra\u017een\u00ed o\u00a0tis\u00edce korun m\u011bs\u00ed\u010dn\u011b<\/p>\n

Zv\u00fd\u0161en\u00ed \u00farokov\u00e9 sazby m\u016f\u017ee do rodinn\u00e9ho rozpo\u010dtu nep\u0159\u00edjemn\u011b zas\u00e1hnout. Pro ilustraci si vezm\u011bme hypot\u00e9ku z\u00a0roku 2021, kdy \u00farokov\u00e9 sazby byly kolem 2,3\u00a0% p. a. Tuto \u00farokovou sazbu si klient fixoval na p\u011bt\u00a0let. U\u00a0hypot\u00e9ky ve v\u00fd\u0161i \u010dty\u0159i\u00a0mil. K\u010d se splatnost\u00ed 30\u00a0let to znamen\u00e1 m\u011bs\u00ed\u010dn\u00ed spl\u00e1tku ve v\u00fd\u0161i 15\u00a0392\u00a0K\u010d.<\/p>\n

Letos, kdy klientovi kon\u010d\u00ed p\u011btilet\u00e1 fixace, \u010din\u00ed z\u016fstatek hypot\u00e9ky je\u0161t\u011b 3\u00a0509\u00a0270\u00a0K\u010d a\u00a0zb\u00fdv\u00e1 je\u0161t\u011b 25\u00a0let spl\u00e1cen\u00ed.<\/p>\n

<\/a><\/p>\n

\u00darokov\u00e9 sazby jsou bohu\u017eel pom\u011brn\u011b vysok\u00e9 a\u00a0banka nab\u00edz\u00ed klientovi sazbu 5,19\u00a0% p. a., co\u017e je dnes pom\u011brn\u011b slu\u0161n\u00e1 sazba. Pro klienta to ov\u0161em znamen\u00e1 zv\u00fd\u0161en\u00ed spl\u00e1tky na 20\u00a0905\u00a0K\u010d, tedy o\u00a0v\u00edce ne\u017e p\u011bt\u00a0tis. K\u010d m\u011bs\u00ed\u010dn\u011b. Takov\u00e1 zm\u011bna m\u016f\u017ee rodinn\u00fd rozpo\u010det tvrd\u011b zas\u00e1hnout.<\/p>\n

Podobnou situaci aktu\u00e1ln\u011b ka\u017ed\u00fd m\u011bs\u00edc \u0159e\u0161\u00ed osm\u00a0a\u017e dev\u011bt\u00a0tis. dom\u00e1cnost\u00ed, kter\u00fdm kon\u010d\u00ed fixace hypot\u00e9ky z\u0159\u00edzen\u00e9 v\u00a0letech, kdy byly n\u00edzk\u00e9 \u00farokov\u00e9 sazby.<\/p>\n

Letos se sb\u00edhaj\u00ed fixace hned z\u00a0n\u011bkolika let<\/p>\n

Rok 2026\u00a0je v\u00a0tomto ohledu v\u00fdjime\u010dn\u00fd t\u00edm, \u017ee se v\u00a0n\u011bm potk\u00e1vaj\u00ed konce fixac\u00ed hned z\u00a0n\u011bkolika r\u016fzn\u00fdch let najednou. Nejsiln\u011bj\u0161\u00ed vlnu tvo\u0159\u00ed p\u011btilet\u00e9 fixace z\u00a0roku 2021.\u00a0Ten byl s\u00a0odstupem nejlep\u0161\u00edm rokem v\u00a0historii hypote\u010dn\u00edho trhu a\u00a0p\u011btilet\u00e1 fixace byla tehdy velmi b\u011b\u017enou volbou. Pr\u00e1v\u011b proto se velk\u00e1 \u010d\u00e1st tehdej\u0161\u00edch hypot\u00e9k ocit\u00e1 letos na p\u0159elomu fixa\u010dn\u00edho obdob\u00ed.<\/p>\n

K nim se p\u0159id\u00e1vaj\u00ed t\u0159\u00edlet\u00e9 fixace z\u00a0roku 2023\u00a0a\u00a0dvoulet\u00e9 fixace z\u00a0roku 2024.\u00a0D\u016fvod je logick\u00fd: koncem roku 2021\u00a0za\u010daly \u00farokov\u00e9 sazby rychle r\u016fst a\u00a0postupn\u011b p\u0159es\u00e1hly \u0161est procent. Klienti i\u00a0cel\u00fd trh p\u0159itom p\u0159edpokl\u00e1dali, \u017ee sazby se zase vr\u00e1t\u00ed n\u00ed\u017ee, a\u00a0proto nem\u011bli z\u00e1jem fixovat na dlouho. Z\u00e1jem se p\u0159esunul ke krat\u0161\u00edm fixac\u00edm, typicky na dva a\u017e t\u0159i roky.<\/p>\n

N\u011bkte\u0159\u00ed klienti si paradoxn\u011b polep\u0161\u00ed<\/p>\n

Ne v\u0161ichni klienti si v\u0161ak nutn\u011b pohor\u0161\u00ed. Hypot\u00e9ky se sjedn\u00e1valy i\u00a0nap\u0159. v\u00a0roce 2023, kdy \u00farokov\u00e9 sazby atakovaly \u0161estiprocentn\u00ed hranici. A\u00a0v t\u00e9to dob\u011b klienti v\u011bt\u0161inou volili t\u0159\u00edlet\u00e9 fixace, kter\u00e9 jim letos kon\u010d\u00ed. Pro tuto \u010d\u00e1st klient\u016f mohou i\u00a0dne\u0161n\u00ed sazby paradoxn\u011b znamenat dokonce m\u00edrn\u00e9 sn\u00ed\u017een\u00ed \u00farokov\u00e9 sazby a\u00a0tedy i\u00a0m\u011bs\u00ed\u010dn\u00edch n\u00e1klad\u016f.<\/p>\n

Tato skute\u010dnost se v\u00a0medi\u00e1ln\u00edm prostoru p\u0159\u00edli\u0161 nezmi\u0148uje. V\u011bt\u0161in\u011b klient\u016f s\u00a0kon\u010d\u00edc\u00ed fixac\u00ed se letos sazba skute\u010dn\u011b zv\u00fd\u0161\u00ed, ale a\u017e p\u0159ibli\u017en\u011b t\u0159etina z\u00a0nich si podm\u00ednkami re\u00e1ln\u011b polep\u0161\u00ed.<\/p>\n

Refinancov\u00e1n\u00ed: tlak, kter\u00fd hraje klient\u016fm do karet<\/p>\n

Velk\u00fd objem hypot\u00e9k s\u00a0kon\u010d\u00edc\u00ed fixac\u00ed vytvo\u0159il nov\u00e9 medi\u00e1ln\u00ed t\u00e9ma a\u00a0klienti o\u00a0n\u011bm sly\u0161\u00ed ze v\u0161ech stran. Banky to vn\u00edmaj\u00ed z\u00e1rove\u0148 jako ohro\u017een\u00ed i\u00a0jako p\u0159\u00edle\u017eitost p\u0159et\u00e1hnout klienty od konkurence. Pr\u00e1v\u011b tento tlak by m\u011bl banky nutit p\u0159edkl\u00e1dat st\u00e1vaj\u00edc\u00edm klient\u016fm skute\u010dn\u011b konkurenceschopn\u00e9 nab\u00eddky.<\/p>\n

<\/a><\/p>\n

P\u0159ekvapiv\u011b vysok\u00fd po\u010det refinancovan\u00fdch \u00fav\u011br\u016f, kter\u00fd jsme zaznamenali v\u00a0b\u0159eznu, v\u0161ak nazna\u010duje, \u017ee ne v\u017edy se to bank\u00e1m beze zbytku da\u0159\u00ed. Pro klienta z\u00a0toho plyne jednoduch\u00e9 doporu\u010den\u00ed: nab\u00eddku na novou fixaci od vlastn\u00ed banky je nam\u00edst\u011b br\u00e1t jako v\u00fdchoz\u00ed bod k\u00a0jedn\u00e1n\u00ed, nikoliv jako hotovou v\u011bc.<\/p>\n

Sliby z\u00a0billboard\u016f hypot\u00e9ky nezlevn\u00ed<\/p>\n

Moment\u00e1ln\u011b p\u0159edpokl\u00e1d\u00e1me, \u017ee z\u00e1jem o\u00a0hypot\u00e9ky bude i\u00a0nad\u00e1le pokra\u010dovat a\u00a0to navzdory vy\u0161\u0161\u00edm \u00farokov\u00fdm sazb\u00e1m. V\u00fdvoj samotn\u00fdch \u00farokov\u00fdch sazeb nez\u00e1vis\u00ed ov\u0161em na v\u016fli politik\u016f, jak by si n\u011bkdo mohl myslet, kdy\u017e p\u0159i posledn\u00edch volb\u00e1ch vid\u011bl billboardy se sliby zlevn\u011bn\u00ed hypot\u00e9k. Vl\u00e1da \u00farokov\u00e9 sazby hypot\u00e9k neur\u010duje a\u00a0koneckonc\u016f je neur\u010duje ani centr\u00e1ln\u00ed banka. Nastaven\u00ed \u00farokov\u00fdch sazeb je p\u0159\u00edm\u00fdm odrazem aktu\u00e1ln\u00ed ekonomick\u00e9 a\u00a0geopolitick\u00e9 situace. V\u011b\u0159it v\u00a0tomto ohledu slib\u016fm politik\u016f je naivn\u00ed.<\/p>\n

Vysok\u00e9 sazby nebudou trvat v\u011b\u010dn\u011b<\/p>\n

Vy\u0161\u0161\u00ed \u00farokov\u00e9 sazby jsou pro klienty nep\u0159\u00edjemn\u00e9. Ale hypot\u00e9ka je dlouhodob\u00fd z\u00e1vazek a\u00a0vysok\u00e9 \u00farokov\u00e9 sazby nebudou trvat v\u011b\u010dn\u011b. Tak, jako po dobr\u00fdch \u010dasech p\u0159i\u0161ly \u010dasy hor\u0161\u00ed, jsem si jist\u00fd, \u017ee po hor\u0161\u00edch \u010dasech zase bude l\u00e9pe, a\u00a0to i\u00a0v oblasti \u00farokov\u00fdch sazeb a\u00a0snad i\u00a0dostupnosti bydlen\u00ed. Ani v\u00edra v\u00a0lep\u0161\u00ed z\u00edt\u0159ky by v\u0161ak nem\u011bla omezit na\u0161i opatrnost p\u0159i sjedn\u00e1v\u00e1n\u00ed tak velk\u00e9ho a\u00a0dlouhodob\u00e9ho z\u00e1vazku, jak\u00fdm je hypot\u00e9ka.<\/p>\n","protected":false},"excerpt":{"rendered":"V\u011bt\u0161ina lid\u00ed by si p\u0159\u00e1la bydlet ve sv\u00e9m. Realita je ale takov\u00e1, \u017ee m\u00e1lokdo si m\u016f\u017ee dovolit vlastn\u00ed…\n","protected":false},"author":2,"featured_media":195250,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[12],"tags":[67,1311,68,1984,1387,780,684],"class_list":["post-195249","post","type-post","status-publish","format-standard","has-post-thumbnail","category-byznys","tag-business","tag-bydleni","tag-byznys","tag-hypoteky","tag-pujcka","tag-reality","tag-urokova-sazba"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/117178093696774273","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/195249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/comments?post=195249"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/195249\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/195250"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=195249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=195249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=195249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}