Every fifth household plans to build or buy real estate within a year

As many as 20 percent of households plan to build or buy real estate within the next 12 months compared to 5.6 percent a year earlier, according to the survey of the Association of Financial Enterprises (ZPF) and the Institute of Economic Development. The data are in line with the Central Statistical Office (GUS) statistics, which showed that the number of building permits issued in July grew by 24 percent y/y.

Recent market data confirm the increase in demand for housing loans. Not only banks grant them more, but also the average value of a housing loan increased. This is mainly due to the growth of prices in the primary and secondary housing markets in major cities. "Considering that about 200,000 new apartments will be delivered this year, the new record in mortgage loans will not be a surprise "- said ZPF economic advisor Mirosław A. Bieszki.

(ISBnews)