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.
mortgage
Poland is facing a housing crisis, but politicians are offering the same failed solutions
Wojciech Kość
The prices of buying and renting have soared.
We can only do this thanks to your support!
We are an independent, nonprofit media outlet, funded through the support of our readers.
If you appreciate the work we do, please consider helping us to continue and expand it.
Banks may not seek extra fees for invalided loans, says EU court advisor on Polish case
Polish banks’ shares fell after the opinion was published.
Sales of new homes fell 38% in Polish cities in 2022 but prices rose 9%
The fall in sales, however, did not translate into a fall in prices, which rose by 9% year-on-year.
New mortgage applications fall 70% in Poland following interest rate rises
The total value of new mortgages has also fallen by 73% year on year, according to data from the Credit Information Bureau (BIK).
Polish consumer authority charges three banks over implementation of “credit holidays”
BNP Paribas Bank Polska, Getin Noble Bank and Bank Pocztowy face penalties of up to 10% of their annual turnover.
Half a million mortgage holders suspend payments in first two days of Poland’s new “credit holiday” law
The prime minister warned that any attempts to obstruct access to the programme by banks will be penalised.
Mortgages hit highest-ever value in Poland in July
The housing market has been boosted by all-time low interest rates and galloping inflation.
Number of housing loan applications in Poland “highest in years”
An average of 2,500 housing loan applications were made per day in Poland last month, as the economy rebounds from the pandemic.
Top EU court shifts foreign-currency loan decision to Polish judges
In a fortnight Poland’s Supreme Court will make a landmark decision on mortgages deemed unfair.
