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Significant Increase in Housing Loan Applications and Lending Activity in July and August

Data from the Credit Information Bureau show that in July, banks granted 11.1 thousand loans worth PLN 4.16 billion PLN and it was another month of much higher lending activity than last year. On the other hand in August this year A total of nearly 38.9 thousand people applied for a housing loan. potential borrowers compared to 12.4 thousand a year before – it is an increase of 213.8%, and the value of mortgage loan inquiries increased by almost 300%. This was also caused by an increase in the average amount of the loan requested by as much as 1/5 compared to August 2022. The market recovery is mainly due to the government’s Safe Credit 2% program.

2023-09-23 19:28:34
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