18:26 29 September 2025
Analyst BIK Group: demand for mortgages is growing, reducing oversupply of apartments
Mortgage demand in Poland is rising rapidly, with August 2025 applications up one-third y/y and loan inquiries to BIK higher by 52%. According to BIK’s chief analyst, Prof. Waldemar Rogowski, improving wages, easing inflation, and lower interest rates have boosted creditworthiness, pushing the average loan request to PLN 467,000. Households can now afford larger loans without extending repayment periods (avg. 23 years). If current trends persist, excess housing supply could be absorbed within a few quarters, potentially driving price increases by 2026, especially as new construction slows. Risks include geopolitical uncertainty, but demand remains strong in major cities. Rogowski notes investment buyers rarely use mortgages, focusing instead on cash or alternative vehicles.
