NBP: demand for housing loans will maintain until Q2 ‘26
19:40
The National Bank of Poland expects strong demand for housing loans to continue through Q2 2026, driven by the interest rate cuts introduced in May 2025. After recovering to 7–9% y/y growth in recent quarters, mortgage lending is forecast to stabilize at around 7% y/y in the near term. From late 2026 onward, slower economic growth will begin to weigh on demand, gradually reducing mortgage growth to 4% y/y by Q4 2027.
According to NBP projections, housing loan growth will reach 6.97% y/y in Q4 2025 and 5.25% y/y in Q4 2026, marking a steady but moderating trend as economic momentum cools.
