Demand for mortgage loans in Poland 2017-2021

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 April 2021 saw a dynamic increase in mortgage demand with a record demand growth of over 94 percent compared to April 2020. In October 2021, the demand for housing loans reached a growth of 19.1 percent year-over-year.

Loan market in Poland

In 2020, the net value of loans to households in Poland was 734.1 billion zloty, representing an increase of 3.3 percent over the previous year. In 2020, in terms of credit type, the highest value was achieved by real estate loans granted to households. Their value amounted to over 490 billion zloty, followed by consumer loans with a total value of over 168 billion zloty.

Mortgage loans in Poland

In 2020, 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 2020 increased by 6.37 percent compared to the previous year and amounted to nearly 300 thousand zloty. In this period, Poland’s number of active mortgage loans reached a record high of almost 2.5 million.