More mortgages in 2014

In Q2 of 2014 banks gave 45,499 mortgages, the total amount of which exceeded PLN 9.5 billion. It indicates growth of 8.48 percent in terms of volume and 8.17 percent in terms of value in a quarter period, says a report from AMRON-SARFIN. According to the Polish Bank Association, the current year will be better in terms of mortgages, compared to 177,00 mortgages amounting to PLN 36.5 billion in 2013. An average mortgage value in Q2 of 2014 was PLN 2.614 million. That is 0.06 percent more than the average in Q1. However, in Q2 the average transaction price for an apartment purchase decreased in Warsaw, Łódź and Wrocław, by PLN 40, PLN 82 and PLN 118 per sqm respectively.