The Polish mortgage market is picking up

According to data from the Credit Information Bureau (BIK), in July banks granted 11,100 loans worth PLN 4.16 billion, which was another month of much higher lending activity than a year earlier. In August, 38,900 potential borrowers applied for a mortgage, up 213.8 percent from 12,400 a year earlier. The value of mortgage loan inquiries increased by almost 300 percent.