{"id":20594,"date":"2026-03-11T06:37:08","date_gmt":"2026-03-11T06:37:08","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/20594\/"},"modified":"2026-03-11T06:37:08","modified_gmt":"2026-03-11T06:37:08","slug":"cesku-hrozi-hypotecni-sok-sazby-mohou-uz-brzo-skokove-vzrust-osud-dluzniku-ma-v-rukou-trump","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/20594\/","title":{"rendered":"\u010cesku hroz\u00ed hypote\u010dn\u00ed \u0161ok. Sazby mohou u\u017e brzo skokov\u011b vzr\u016fst, osud dlu\u017en\u00edk\u016f m\u00e1 v rukou Trump"},"content":{"rendered":"<p>Je libo hypot\u00e9ku za p\u011bt a p\u016fl procenta? Tedy za \u00farokovou sazbu, kterou u\u017e naprost\u00e1 v\u011bt\u0161ina z\u00e1jemc\u016f o p\u016fj\u010dku na bydlen\u00ed pova\u017eovala za\u00a0<a href=\"https:\/\/www.e15.cz\/byznys\/finance-a-bankovnictvi\/konec-zlevnovani-hypotek-adepti-na-vlastni-bydleni-si-v-novem-roce-priplati-o-koho-se-banky-poperou-1429951\" rel=\"nofollow noopener\" target=\"_blank\">d\u00edkybohu p\u0159e\u017eitou historii<\/a>?\u00a0Eskalace konfliktu v \u00cdr\u00e1nu dok\u00e1zala tento t\u00fdden minulost opr\u00e1\u0161it a trh pen\u011bz se v tuzemsku alespo\u0148 pro tuto chv\u00edli vr\u00e1til do marasmu podzimu roku 2023. Tedy do obdob\u00ed st\u00e1le je\u0161t\u011b bolestiv\u00e9 inflace a tak\u0159ka <a href=\"https:\/\/www.e15.cz\/byznys\/finance-a-bankovnictvi\/hypoteky-potkalo-tradicni-jarni-tani-sazeb-dalsi-mesice-bude-formovat-valka-v-iranu-1431280\" rel=\"nofollow noopener\" target=\"_blank\">prohibitivn\u00edch \u00farok\u016f z hypot\u00e9k<\/a>.\u00a0Pen\u011b\u017en\u00ed benchmarky v tuzemsku tento t\u00fdden op\u011bt vyrazily do \u010derven\u00e9ho pole a <a href=\"https:\/\/www.e15.cz\/finexpert\/investujeme\/urokove-sazby-hypotek-od-lonskeho-leta-poprve-rostou-1430430\" rel=\"nofollow noopener\" target=\"_blank\">hroz\u00ed \u00farokov\u00fdm \u0161okem<\/a>\u00a0a dramatick\u00fdm ochlazen\u00edm hypote\u010dn\u00edho trhu. Na pozad\u00ed tohoto v\u00fdvoje je p\u0159itom obava z n\u00e1vratu inflace.\u00a0<\/p>\n<p>\u201eSituace v oblasti v\u00fdvoje \u00farokov\u00fdch sazeb je kv\u016fli aktu\u00e1ln\u00edmu prudk\u00e9mu r\u016fstu velmi nep\u0159\u00edzniv\u00e1 sm\u011brem ke koncov\u00fdm cen\u00e1m \u00fav\u011br\u016f,\u201c \u0159\u00edk\u00e1 obchodn\u00ed \u0159editel finan\u010dn\u00ed skupiny Partners Jan Brejl. Odkazuje tak na tr\u017en\u00ed cenu pen\u011bz, kter\u00e1 bank\u00e1m slou\u017e\u00ed jako v\u00fdchodisko pro konstrukci klientsk\u00fdch hypote\u010dn\u00edch sazeb. Ty toti\u017e mohou p\u0159in\u00e9st v\u00fdrazn\u00e9 zdra\u017een\u00ed. Nap\u0159\u00edklad cena p\u011btilet\u00fdch pen\u011bz, tedy sazba z bankovn\u00edho pohledu kl\u00ed\u010dov\u00e1 pro stanoven\u00ed hypote\u010dn\u00ed sazby s p\u011btiletou fixac\u00ed, byla je\u0161t\u011b v z\u00e1v\u011bru \u00fanora jen lehce nad 3,5 procenta. B\u011bhem tohoto t\u00fddne p\u0159itom vystoupala dokonce a\u017e nad 4,7 procenta.\u00a0<\/p>\n<p>Modelov\u00e1 konstrukce sazeb p\u0159itom ve zkratce p\u0159edpokl\u00e1d\u00e1 k t\u011bmto \u010d\u00edsl\u016fm p\u0159i\u010d\u00edst jeden procentn\u00ed bod. Zat\u00edmco je\u0161t\u011b v z\u00e1v\u011bru \u00fanora nebyl pro banky probl\u00e9m poskytnout hypot\u00e9ku s p\u011btiletou fixac\u00ed za 4,5 procenta, aktu\u00e1ln\u011b by takov\u00fd v\u00fdpo\u010det odpov\u00eddal sazb\u011b a\u017e kolem 5,7 procenta. \u201eU hypote\u010dn\u00edch \u00fav\u011br\u016f je to zm\u011bna, kterou banky v r\u00e1mci mar\u017e\u00ed nemohou absorbovat. Velk\u00e9 banky maj\u00ed omezen\u00e9 z\u00e1soby levn\u011bj\u0161\u00edch pen\u011bz, ale pokud se do t\u00fddne situace nezm\u011bn\u00ed, budou muset reagovat skokov\u00fdm zdra\u017een\u00edm koncov\u00fdch sazeb hypote\u010dn\u00edch \u00fav\u011br\u016f,\u201c upozor\u0148uje Brejl.\u00a0<\/p>\n<p>Obdobn\u011b jako v p\u0159\u00edpad\u011b p\u011btilet\u00e9 ceny pen\u011bz se zhruba do \u0159\u00edjna roku 2023 vr\u00e1tily i desetilet\u00e9 tr\u017en\u00ed \u00faroky; zhruba na dvoulet\u00e9m maximu je pak trh v p\u0159\u00edpad\u011b t\u0159\u00edlet\u00fdch sazeb, kter\u00e9 jsou obl\u00edben\u00e9 p\u0159edev\u0161\u00edm v posledn\u00edch letech. Podle expert\u016f by se p\u0159itom do hypote\u010dn\u00edch sazebn\u00edk\u016f p\u0159elil kompletn\u00ed r\u016fst tr\u017en\u00edch \u00farok\u016f. \u201eKdyby do\u0161lo k vzestupu t\u011bchto \u00farokov\u00fdch swap\u016f aspo\u0148 o 10 bod\u016f u m\u011bs\u00ed\u010dn\u00edho pr\u016fm\u011bru za b\u0159ezen, ur\u010dit\u011b by se zm\u011bna s m\u00edrn\u00fdm zpo\u017ed\u011bn\u00edm p\u0159enesla do ocen\u011bn\u00ed hypot\u00e9k. Zm\u011bna by nejsp\u00ed\u0161 byla v pom\u011bru jedna ku jedn\u00e9,\u201c \u0159\u00edk\u00e1 ekonom UniCredit Bank Pavel Sob\u00ed\u0161ek.\u00a0<\/p>\n<p>Z\u00e1sadn\u00ed bude pro dal\u0161\u00ed v\u00fdvoj sazeb situace na Bl\u00edzk\u00e9m v\u00fdchod\u011b. O\u010dek\u00e1v\u00e1n\u00ed trhu nav\u00edc komplikuj\u00ed nep\u0159ehledn\u00e9 v\u00fdroky hlavn\u00edch akt\u00e9r\u016f. Zat\u00edmco jeden den sv\u011btov\u00ed politici hovo\u0159\u00ed o del\u0161\u00ed v\u00e1lce, druh\u00fd den p\u0159eva\u017euje p\u0159esv\u011bd\u010den\u00ed, \u017ee konflikt v \u00cdr\u00e1nu se bl\u00ed\u017e\u00ed sv\u00e9mu konci. \u201ePokud by se ceny ropy a energi\u00ed za\u010daly propisovat do cen jin\u00fdch produkt\u016f, pak by se \u00farokov\u00e9 swapy na vy\u0161\u0161\u00edch \u00farovn\u00edch ust\u00e1lily,\u201c nasti\u0148uje potenci\u00e1ln\u00ed nov\u00fd \u00farokov\u00fd norm\u00e1l u hypot\u00e9k analytik spole\u010dnosti Swiss Life Select Tom Kade\u0159\u00e1bek.\u00a0<\/p>\n<p>Brzdn\u00fdm faktorem m\u016f\u017ee b\u00fdt situace na dom\u00e1c\u00edm hypote\u010dn\u00edm trhu, kde si banky nebudou cht\u00edt p\u0159\u00edli\u0161 rychle brzdit byznys strm\u00fdm zvy\u0161ov\u00e1n\u00edm sazeb, kter\u00fdm by potenci\u00e1ln\u00ed z\u00e1jemce o p\u016fj\u010dky fakticky pos\u00edlaly k m\u00e9n\u011b zdra\u017euj\u00edc\u00ed konkurenci. P\u0159esto v p\u0159\u00edpad\u011b ust\u00e1len\u00ed swap\u016f pobl\u00ed\u017e sou\u010dasn\u00fdch \u00farovn\u00ed experti o\u010dek\u00e1vaj\u00ed razantn\u00ed zdra\u017een\u00ed hypot\u00e9k. \u201e\u00darokov\u00e9 sazby mohou v pr\u016fb\u011bhu roku 2026 vzr\u016fst o n\u011bkolik desetin procentn\u00edho bodu, p\u0159ibli\u017en\u011b a\u017e o p\u016fl procentn\u00edho bodu,\u201c uv\u00e1d\u00ed Jakub Veverka z realitn\u00edho port\u00e1lu Videobydlen\u00ed.cz.\u00a0<\/p>\n<p>Experti rovn\u011b\u017e ne\u010dekaj\u00ed, \u017ee by za sou\u010dasn\u00e9 geopolitick\u00e9 situace t\u00e9m\u011b\u0159 po roce znovu otev\u0159ela t\u00e9ma sni\u017eov\u00e1n\u00ed sazeb \u010cesk\u00e1 n\u00e1rodn\u00ed banka. Ta v minul\u00fdch m\u011bs\u00edc\u00edch p\u0159ed po\u010d\u00e1tkem \u00edr\u00e1nsk\u00e9ho konfliktu komunikovala prim\u00e1rn\u011b obez\u0159etnost; propuknut\u00ed v\u00e1lky na Bl\u00edzk\u00e9m v\u00fdchod\u011b je pak faktorem, kter\u00fd v nejbli\u017e\u0161\u00ed dob\u011b hovo\u0159\u00ed proti uvol\u0148ov\u00e1n\u00ed m\u011bnov\u00e9 politiky.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Je libo hypot\u00e9ku za p\u011bt a p\u016fl procenta? Tedy za \u00farokovou sazbu, kterou u\u017e naprost\u00e1 v\u011bt\u0161ina z\u00e1jemc\u016f o&hellip;\n","protected":false},"author":2,"featured_media":20595,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[3911,42,212,17,21,1313,808,6629,16,10058,703,1387,18,19,22,7315,20],"class_list":{"0":"post-20594","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-zpravy","8":"tag-ceska-narodni-banka","9":"tag-cesko","10":"tag-donald-trump","11":"tag-headlines","12":"tag-hlavni-udalosti","13":"tag-hypoteka","14":"tag-iran","15":"tag-konflikt-na-blizkem-vychode","16":"tag-news","17":"tag-partners-financial-services","18":"tag-penize","19":"tag-pujcka","20":"tag-top-news","21":"tag-top-stories","22":"tag-udalosti-dne","23":"tag-unicredit","24":"tag-zpravy"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/116209165632389819","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/20594","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=20594"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/20594\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/20595"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=20594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=20594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=20594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}