
Demand for mortgage loans in Poland 2017-2022
inflation. One of the main reasons for the decline in demand was also tightening and rising interest rates that reduced the credit worthiness of potential borrowers.
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 2022, the demand for housing loans reached declined by 68.7 percent year-over-year due to the high