17:22 7 January 2025
Demand for housing loans fell 45% in Dec ‘24, y/y
Demand for housing loans in Poland dropped by 45.4% y/y in December 2024, with 26,030 applications—a 44% decrease from December 2023. This decline is attributed to a high comparison base influenced by the "Safe Credit 2%" program, which ended in December 2023. In 2025, loan demand is expected to rise as comparisons will be made against market-rate applications from 2024.
Despite fewer applicants, the average loan amount increased by 2.2% to a record PLN 445,000, suggesting higher-income borrowers are seeking more expensive properties. BIK analysts noted that the loan index may improve in coming months as the market stabilizes, with no housing market bubble risk according to the Ministry of Finance.
