Mortgages in Q1 stable

Based on the Q1 Hipotrendy report issued by financial internet portal operator Comperia.pl, 68 percent of home buyers in Poland chose a mortgage to finance a real estate purchase.

Over the first three months of this year, figures regarding mortgage applications and take-up have not strayed from the data recorded in 2007.

The only y/y change has been a drop in the value of mortgages applied for, with potential homebuyers taking a more prudent approach to how much they can afford to borrow. The drop is estimated at tens of thousands of złoty.