Demand for housing loans soars in May

According to data gathered by the credit information bureau BIK, the demand for housing loans in the Polish banking sector increased by 10.2 percent y/y in May. “The positive information on the demand for housing loans correlates well with positive information from the Polish real estate market,” said BIK's business intelligence director Sławomir Grzybek. The data excludes loan applications exceeding PLN 1 million in value.