Housing prices rose by 17.7% year-on-year in Poland in the second quarter of this year compared to an EU average of 2.9%.
Housing prices rose by 17.7% year-on-year in Poland in the second quarter of this year compared to an EU average of 2.9%.
It is the second successive quarter that Poland has recorded the highest annual increase in housing prices in the EU.
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The total value of mortgage applications in Poland rose by 421% year-on-year in December to a record high of over 10 billion zloty.
The total value of new mortgages has also fallen by 73% year on year, according to data from the Credit Information Bureau (BIK).
“A house free of formalities is supposed to make it easier for Poles to realise their dreams of having their own place.”