The volume of mortgages provided in the Czech Republic last year rose by 40 percent to a record CZK 254 billion. The average interest rate fell to 2.2 percent, according to statistics from the Hypoindex, published by Fincentrum & Swiss Life Select. The coronavirus pandemic helped bring the average mortgage rate back below 2 percent, stopping at 1.96 percent at the end of the year, according to the Hypoindex which also indicated that the average mortgage increased by CZK 365,646 in the last 12 months. Since November 2016, when it settled above CZK 2 million, it has increased by more than CZK 900,000 crowns, or more than 30 percent, in four years.