BIK: housing loans increased by 66.9% y/y to PLN 6.976 bln in July ‘24
14:19
In July 2024, residential mortgage sales in Poland increased by 66.9% y/y to PLN 6.976 billion, according to the Credit Information Bureau. The number of mortgages granted also rose by 48.8% compared to the previous year.
Month-on-month, the value of mortgage sales rose by 12.3% from June, and the number of mortgages granted increased by 12.6% to 16,600.
From January to July 2024, the number of residential mortgages grew by 93.8% y/y to 128,500, while their value surged by 127% to PLN 53.534 billion. Sławomir Nosal from BIK noted that the higher value growth compared to the number of loans indicates borrowers are taking out larger amounts due to high property prices. The average mortgage amount in July was PLN 420,000, up 12% from the previous year. Additionally, 179,000 people utilized new loan vacation terms from June 2024, totaling PLN 31.7 billion across 107,000 mortgages.
