As the expert notes, the growing demand for housing loans is a signal of recovery on the real estate market and improving the accessibility of financing. These changes can affect housing prices, investors' decisions and households. Analysis of this data allows you to better understand how the market is changing and what are the prospects for buyers.
In September, almost 40,000 were laid. applications for housing loans, which means an increase of 13 percent. compared to August. However, most of this improvement results from more business days – 22 in September compared to 20 in August. After taking into account this factor, the increase in the number of applications is only a few percent. Compared to September 2024, demand increased by as much as a third.
Demand for housing loans
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Bartosz Turek
Easier access to loans is a key factor. The demand for “mortgages” in September was 42 percent. Higher than a year earlier, and compared to 2022 increased more than four times. This is the result of a decrease in the interest rate on loans, growing wages and regulatory changes and banks' policy. The current situation resembles the period of operation of the Safe Credit 2 % program, which significantly increased the availability of funding of apartments.
Poles borrow more
The creditworthiness of a family of three with an income at the level of two national average is currently about 930 thousand. PLN – this is the highest level in the history of IO 29 percent more than a year ago. However, after taking into account the increase in housing prices and salaries, real creditworthiness still remains below the average of the last several years.
Median creditworthiness of a family of three
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Bartosz Turek
The average amount of the requested loan in September was almost 473 thousand. PLN, which means an increase of over 6 percent. compared to last year. This is more than the dynamics of the increase in housing prices, which suggests that Poles are increasingly deciding to buy larger or better properties. A wide range of apartments and easier access to loans favors such decisions.
If the trend continues, October can bring another record – 23 business days are more opportunities to submit applications. The growing demand for housing loans, however, may affect the further increase in real estate prices, which in turn may limit the availability of apartments for less wealthy Poles. The real estate market is still in the phase of dynamic changes.
