ZBP: mortgages to drop in 2019

Market lobby ZBP expects the value of mortgages in 2019 to drop to PLN 45-50 billion this year from the estimated PLN 53-54 billion worth of loans in 2018.

“In volume terms, it will be a slightly weaker year, but as far as the number of loans granted it will be even weaker. We estimate that while in 2018 about 211k loans were granted, in 2019 it may drop to 190k. For several quarters the average value of the loan has been increasing, this growth was quite fast, so the amount will still be quite a good result,” the head of ZBP’ Committee for Real Estate Financing Jacek Furga said.

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