Vliv stanovení limitů ukazatelů LTV, DTI a DSTI na trh s úvěry na bydlení

This bachelor thesis deals with Czech national bank’s recommended limits for mortgage loan provision, namely LTV, DTI and DSTI indexes. The main goal was to evaluate the effect of the introduction of those limits on the volume of provided mortgage loans. The econometric software Gretl was used to create a linear regression model. The model showed that introduction of most of those limits was not significant to the movement of the volume. The exception was the tightening of LTV limit for maximum of 90 %, after which there was an increase in the volume. The notification about introducing the DTI and DSTI limits in a Czech national bank’s list of recommendations proved to have a significant influence on the increase in the volume, which can be a demonstration of front-loading effect. The model also showed a strong dependence of the volume on the interest rate and the house price index. The thesis also deals with the behaviour of mortgage loans during the coronavirus crisis during 2020 until June and with the significance of the recommended limits on the joint development of the interest rate and the volume of the mortgage loans. In the conclusion there are additional steps formulated to continue research on this topic.