Drop in number and value of housing loans granted

Banks and Polish credit unions (SKOK) granted in July 22.7 percent fewer housing loans compared to July last year and 22.6 percent less in terms of value, the Credit Information Bureau (BIK) has announced. 

From January to July this year 124,700 housing loans were granted worth over PLN 36 billion.

According to BIK data, in July this year, the housing loan market recorded “high negative dynamics of the value (-22.6 percent) of granted loans, with also high negative dynamics of the number of loans granted (-22.7 percent) compared to July 2019.”

(PAP)