Bad news is coming for the citizens of Serbia: Interest rates have surged

And this is the growth achieved in the past year. Official statistics are more than stern and in percentages show growth that's more than doubled, as reported by Blic.

And perhaps that's not the worst news. It seems that the rise in interest rates could continue for some time, along with the increase in loan installments and the rise in issues for the average citizen with a mortgage.
According to data from the National Bank of Serbia, the average interest rate on housing loans in euros, which make up about 99 percent of the total number, was 2.66 percent in April of last year. A year later, in April of this year, it climbed to 6.29 percent. In May of this year, it was 6.47 percent, and in June, 6.65 percent, as confirmed by the National Bank of Serbia. And that's more than a doubled growth in just one year.
In translation, for a loan of 30,000 euros with a repayment period of 30 years, the installment has increased by around 65 euros. For a loan of 50,000 euros, the increase is 110 euros, and for 80,000 euros, a substantial 170 euros.
Example of a mortgage loan of 30,000 euros:
Amount: 30,000 euros
Repayment period: 30 years
Average interest rate last year: 2.66 percent
Installment last year: 121 euros
Average interest rate this year: 6.29 percent
Installment this year: 185.5 euros
Example of a mortgage loan of 50,000 euros:
Amount: 50,000 euros
Repayment period: 30 years
Average interest rate last year: 2.66 percent
Installment last year: 201.7 euros
Average interest rate this year: 6.29 percent
Installment this year: 309.1 euros
Example of a mortgage loan of 80,000 euros:
Amount: 80,000 euros
Repayment period: 30 years
Average interest...