Demand for home loans fell 65% y/y in November - BIK

Banks and credit unions sent 65% fewer home loan requests to the Credit Information Bureau (BIK) in November than a year earlier, the bureau said. The number of applications fell 63% from a year ago to 13,600, while the monthly rate dropped 2.4%.

The average cost of a home loan applied for this November was PLN 337.47 thousand, down 5.6% from a year earlier, but 0.3% less than in October 2022, the report said.

Source: ISB News