Demand for mortgage loans in Poland 2017-2024

The period from March to August 2020 saw noticeably weaker demand for home loans in Poland. This state results from the outbreak of the coronavirus (COVID-19) pandemic in Poland in March 2020. Whereas December 2023 saw a dynamic increase in mortgage demand, with record demand growth of 421 percent year-on-year. The highest decline in the demand for housing loans was recorded in August 2022 due to the high inflation. One of the main reasons for the decline in demand was also tightening and rising interest rates that reduced the creditworthiness of potential borrowers.

Loan market in Poland

In 2022, the net value of loans to households in Poland was 714.1 billion zloty, representing an decrease of 7.1 percent over the previous year. In this period, in terms of credit type, the highest value was achieved by real estate loans granted to households. Their value amounted to over 477 billion zloty, followed by consumer loans with a total value of nearly 170 billion zloty.

Mortgage loans in Poland

In 2022, there has been a continuing trend of decreasing the popularity of housing loans up to 100 thousand zloty. A growing number of Poles have taken out loans of the value of over 200 thousand zloty. And the average value of a mortgage loan in 2022 decreased by 7.2 percent compared to the previous year and amounted to over 325 thousand zloty. In this period, Poland’s number of active mortgage loans also decreased, reaching nearly 2.4 million.