Creditworthiness less than half of what it was in September 2021

A series of interest rate hikes combined with the Polish Financial Supervision Authority (KNF) recommendations for banks have drastically reduced the availability of mortgage loans. Expander's calculations show that a family with two children and a net income of PLN 6,000 can borrow only 40 percent of what it could in September 2021. This translates into a drop in demand for apartments, especially in the primary market.