ZBP: value of mortgage loans has doubled within a decade

Over the past 10 years, Poles have doubled the value of their mortgage loans. According to the “InfoKREDYT” report, based on KNF data, the value of all households’ liabilities in Poland at the end of 2018 amounted to PLN 708.4 billion. Mortgage loans accounted for nearly two-thirds (PLN 421.4 billion) of the sum.

Currently, according to data of the Polish Bank Association (ZBP), the average value of a newly granted mortgage loan amounts to over PLN 263,000. This means that within a decade the value of an average new mortgage loan has increased by about a quarter.
(PAP)