{"id":49513,"date":"2026-04-08T22:57:09","date_gmt":"2026-04-08T22:57:09","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/49513\/"},"modified":"2026-04-08T22:57:09","modified_gmt":"2026-04-08T22:57:09","slug":"nejdrazsi-hypoteky-za-dva-roky-sazby-skokove-vyskocily","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/49513\/","title":{"rendered":"Nejdra\u017e\u0161\u00ed hypot\u00e9ky za dva roky. Sazby skokov\u011b vysko\u010dily"},"content":{"rendered":"

Hypote\u010dn\u00ed sazby v\u00a0\u010cesku v\u00a0dubnu v\u00fdrazn\u011b vzrostly a\u00a0podle dat Swiss Life Hypoindexu se dostaly zp\u011bt nad hranici p\u011bti procent. Pr\u016fm\u011brn\u00e1 nab\u00eddkov\u00e1 sazba \u00farok\u016f u\u00a0hypot\u00e9k mezim\u011bs\u00ed\u010dn\u011b vysko\u010dila z\u00a04,89\u00a0na 5,18\u00a0procenta, co\u017e je nejv\u00edce od prosince 2024.<\/p>\n

Zlom p\u0159itom p\u0159ich\u00e1z\u00ed ve chv\u00edli, kdy se je\u0161t\u011b na za\u010d\u00e1tku jara zd\u00e1lo, \u017ee by hypot\u00e9ky mohly postupn\u011b zlev\u0148ovat. Do v\u00fdvoje ale v\u00fdrazn\u011b promluvil konflikt na Bl\u00edzk\u00e9m v\u00fdchod\u011b a\u00a0omezen\u00ed dopravy v\u00a0Hormuzsk\u00e9m pr\u016flivu, kter\u00e9 nejen zdra\u017eily ropu, ale zv\u00fd\u0161ily celkovou nejistotu na finan\u010dn\u00edch trz\u00edch.<\/p>\n

\u201e\u010cesk\u00fd hypote\u010dn\u00ed trh za\u017eil v\u00a0dubnu nejv\u00fdrazn\u011bj\u0161\u00ed r\u016fst \u00farokov\u00fdch sazeb od l\u00e9ta 2022.\u00a0Podle Swiss Life Hypoindexu se pr\u016fm\u011brn\u00e1 nab\u00eddkov\u00e1 sazba b\u011bhem jedin\u00e9ho m\u011bs\u00edce zv\u00fd\u0161ila o\u00a029\u00a0bazick\u00fdch bod\u016f a\u00a0index se po del\u0161\u00ed dob\u011b op\u011bt dostal nad hranici p\u011bti procent,\u201c uvedl Ji\u0159\u00ed S\u00fdkora, hypote\u010dn\u00ed analytik spole\u010dnosti Swiss Life Select.<\/p>\n

Spl\u00e1tky rostou o\u00a0stovky korun<\/p>\n

R\u016fst sazeb se okam\u017eit\u011b odr\u00e1\u017e\u00ed v\u00a0m\u011bs\u00ed\u010dn\u00edch spl\u00e1tk\u00e1ch nov\u00fdch \u00fav\u011br\u016f, kter\u00e9 si lid\u00e9 sjedn\u00e1vaj\u00ed. U\u00a0modelov\u00e9 hypot\u00e9ky ve v\u00fd\u0161i 3,5\u00a0milionu korun se splatnost\u00ed 25\u00a0let vzrostla spl\u00e1tka zhruba o\u00a0600\u00a0korun na v\u00edce ne\u017e 20,8\u00a0tis\u00edce korun m\u011bs\u00ed\u010dn\u011b.<\/p>\n

\u201eV absolutn\u00edm vyj\u00e1d\u0159en\u00ed se m\u016f\u017ee jednat o\u00a0zd\u00e1nliv\u011b malou zm\u011bnu, v\u00a0sou\u010dtu za cel\u00e9 fixa\u010dn\u00ed obdob\u00ed v\u0161ak p\u0159edstavuje v\u00fdznamn\u00fd z\u00e1sah do rodinn\u00e9ho rozpo\u010dtu. U\u00a0vy\u0161\u0161\u00edch \u00fav\u011br\u016f nebo del\u0161\u00edch splatnost\u00ed je tento dopad je\u0161t\u011b v\u00fdrazn\u011bj\u0161\u00ed,\u201c uzav\u00edr\u00e1 Ji\u0159\u00ed S\u00fdkora, hypote\u010dn\u00ed analytik spole\u010dnosti Swiss Life Select.<\/p>\n

Nejv\u00edce zdra\u017eily hypot\u00e9ky s\u00a0t\u0159\u00edletou a\u00a0p\u011btiletou fixac\u00ed, tedy ty, o\u00a0kter\u00e9 je mezi klienty dlouhodob\u011b nejv\u011bt\u0161\u00ed z\u00e1jem. Pr\u00e1v\u011b proto se zm\u011bna prom\u00edt\u00e1 do trhu velmi rychle.<\/p>\n

Co stoj\u00ed za r\u016fstem sazeb<\/p>\n

D\u016fvod\u016f, pro\u010d se hypote\u010dn\u00ed sazby op\u011bt vydaly sm\u011brem vzh\u016fru, je n\u011bkolik. Kl\u00ed\u010dovou roli hraje v\u00fdvoj na finan\u010dn\u00edch trz\u00edch, zejm\u00e9na r\u016fst \u00farokov\u00fdch swap\u016f na mezibankovn\u00edm trhu. Pr\u00e1v\u011b tyto sazby p\u0159edstavuj\u00ed pro banky cenu pen\u011bz na del\u0161\u00ed obdob\u00ed a\u00a0p\u0159\u00edmo ovliv\u0148uj\u00ed, za kolik jsou schopny fixovat hypote\u010dn\u00ed \u00fav\u011bry.<\/p>\n

\u00darokov\u00fd swap<\/p>\n

\u00darokov\u00fd swap je instrument, kter\u00fdm si banky zaji\u0161\u0165uj\u00ed cenu pen\u011bz na ur\u010dit\u00e9 obdob\u00ed. Kdy\u017e chce banka pen\u00edze na p\u011btiletou fixaci, koup\u00ed p\u011btilet\u00fd swap. M\u00e1 garantov\u00e1no, \u017ee klient m\u016f\u017ee celou dobu spl\u00e1cet za ur\u010dit\u00fd \u00farok. Tot\u00e9\u017e plat\u00ed na t\u0159i roky \u010di deset let.<\/p>\n

Syst\u00e9m funguje tak, \u017ee strana A\u00a0plat\u00ed fixn\u00ed sazbu a\u00a0dost\u00e1v\u00e1 pohyblivou, zat\u00edmco strana B d\u011bl\u00e1 opak. Ob\u011b strany si vz\u00e1jemn\u011b zaplat\u00ed pouze rozd\u00edl mezi fixn\u00ed a\u00a0pohyblivou platbou.<\/p>\n

\u201eOp\u011bt pozorujeme skokov\u00fd v\u00fdkyv \u00farokov\u00fdch sazeb u\u00a0t\u0159\u00edlet\u00fdch swap\u016f, kter\u00e9 tentokr\u00e1t vyst\u0159elily a\u017e k\u00a04,3\u00a0%, co\u017e je v\u00a0tomto segmentu skute\u010dn\u011b skokov\u00fd n\u00e1r\u016fst,\u201c uvedl v\u00a0b\u0159eznu hypote\u010dn\u00ed expert Golem Finance Libor Ostatek. Tento v\u00fdvoj podle Ji\u0159\u00edho S\u00fdkory \u010dasto p\u0159edb\u00edh\u00e1 samotn\u00e9 kroky \u010cesk\u00e9 n\u00e1rodn\u00ed banky.<\/p>\n

\u201eZat\u00edmco z\u00e1kladn\u00ed sazby mohou stagnovat nebo dokonce klesat, tr\u017en\u00ed o\u010dek\u00e1v\u00e1n\u00ed budouc\u00ed inflace a\u00a0celkov\u00e9ho ekonomick\u00e9ho v\u00fdvoje tla\u010d\u00ed dlouhodob\u00e9 sazby sm\u011brem nahoru,\u201c uvedl Ji\u0159\u00ed S\u00fdkora, hypote\u010dn\u00ed analytik spole\u010dnosti Swiss Life Select.<\/p>\n

Banky tak podle jeho slov nereaguj\u00ed pouze na aktu\u00e1ln\u00ed nastaven\u00ed m\u011bnov\u00e9 politiky od \u010cNB, ale p\u0159edev\u0161\u00edm na o\u010dek\u00e1v\u00e1n\u00ed finan\u010dn\u00edch trh\u016f. Pokud se objev\u00ed sign\u00e1ly, \u017ee inflace nekles\u00e1 dostate\u010dn\u011b rychle nebo \u017ee by mohlo doj\u00edt k\u00a0op\u011btovn\u00e9mu zp\u0159\u00edsn\u011bn\u00ed m\u011bnov\u00e9 politiky, projev\u00ed se to pr\u00e1v\u011b r\u016fstem swapov\u00fdch sazeb a\u00a0n\u00e1sledn\u011b i\u00a0hypote\u010dn\u00edch \u00farok\u016f.<\/p>\n

<\/a>Dal\u0161\u00ed v\u00fdvoj nejist\u00fd<\/p>\n

Dal\u0161\u00ed kol\u00eds\u00e1n\u00ed sazeb kolem p\u011bti procent lze podle Swiss Life Hypoindexu o\u010dek\u00e1vat i\u00a0v dal\u0161\u00edch m\u011bs\u00edc\u00edch.<\/p>\n

Z\u00e1kladn\u00ed sc\u00e9n\u00e1\u0159 po\u010d\u00edt\u00e1 s\u00a0t\u00edm, \u017ee se hypote\u010dn\u00ed sazby budou v\u00a0pr\u016fb\u011bhu roku pohybovat p\u0159ibli\u017en\u011b v\u00a0p\u00e1smu 4,7\u00a0a\u017e 5,3\u00a0%. Zlevn\u011bn\u00ed by bylo mo\u017en\u00e9 jen v\u00a0p\u0159\u00edpad\u011b rychlej\u0161\u00edho odezn\u011bn\u00ed tlak\u016f, kter\u00e9 zvy\u0161uj\u00ed inflaci, a\u00a0dal\u0161\u00edho uvoln\u011bn\u00ed m\u011bnov\u00e9 politiky centr\u00e1ln\u00ed banky. Naopak v\u00a0p\u0159\u00edpad\u011b jejich op\u011btovn\u00e9ho zes\u00edlen\u00ed nelze vylou\u010dit ani dal\u0161\u00ed zdra\u017een\u00ed hypot\u00e9k.<\/p>\n

Podobn\u011b to vid\u00ed tak\u00e9 hypote\u010dn\u00ed analyti\u010dka Lucie Dr\u00e1salov\u00e1 ze spole\u010dnosti Sirius Finance. \u201eV\u00fdvoj \u00farokov\u00fdch sazeb m\u016f\u017ee b\u00fdt opravdu v\u0161elijak\u00fd, ale v\u011b\u0159\u00edm, \u017ee se budeme dr\u017eet v\u00a0mantinelech plus minus 0,5\u00a0procentn\u00edho bodu,\u201c \u0159\u00edk\u00e1.<\/p>\n

U\u017e nyn\u00ed se podle n\u00ed sazby pro klienty vracej\u00ed k\u00a0p\u011btiprocentn\u00ed hranici a\u00a0co bude d\u00e1l, je nezodpov\u011bzen\u00e1 ot\u00e1zka. \u201eAktu\u00e1ln\u011b se sazby pro koncov\u00e9 klienty ji\u017e za\u010d\u00ednaj\u00ed bl\u00ed\u017eit p\u011bti procent\u016fm ro\u010dn\u011b. N\u011bkter\u00e9 banky ji\u017e tuto hranici p\u0159ekro\u010dily. \u010cekejme, \u017ee toto nejsou do l\u00e9ta kone\u010dn\u00e9 sazby,\u201c dod\u00e1v\u00e1.<\/p>\n","protected":false},"excerpt":{"rendered":"Hypote\u010dn\u00ed sazby v\u00a0\u010cesku v\u00a0dubnu v\u00fdrazn\u011b vzrostly a\u00a0podle dat Swiss Life Hypoindexu se dostaly zp\u011bt nad hranici p\u011bti procent.…\n","protected":false},"author":2,"featured_media":49514,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[12],"tags":[1985,67,1311,68,9318,9317,1984,565],"class_list":["post-49513","post","type-post","status-publish","format-standard","has-post-thumbnail","category-byznys","tag-banky","tag-business","tag-bydleni","tag-byznys","tag-hypoindex","tag-hypotecni-uver","tag-hypoteky","tag-nemovitosti"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/116371563758721664","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/49513","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=49513"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/49513\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/49514"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=49513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=49513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=49513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}