Mortgage loan value soars 233% y/y in September

In September 2023, the value of granted housing loans in Poland increased by 232.7% y/y, reaching PLN 7.166 billion, as reported by the Credit Information Bureau (BIK). Compared to August, the value of loans rose by 38.6%. The number of housing loans YoY increased by 173.6%, reaching 18,100, and the month-to-month increase was 34.8%. However, the cumulative data for the year shows a 14.3% y/y decrease in the number of loans, totaling 97,900.

The total value of housing loans from the beginning of the year amounted to PLN 35.91 billion, representing an 8.3% y/y decrease. The average value of granted loans was PLN 394,860, reflecting a 21.6% y/y increase.

Source: obserwatorfinansowy.pl