The creditworthiness of Poles in 2024 has almost not changed, and apartment prices have increased by an average of several percent during this time. According to experts, a single person with an income of PLN 6,500 could count on a loan of up to PLN 481,000 in December, which would be enough for a studio apartment in Warsaw.
Last year, the average creditworthiness increased only in the case of a 2+2 family with an income of PLN 12,000. PLN – by 26 thousand zloty. In the case of singles and couples, the changes were marginal. Meanwhile, according to data from the Polish Economic Institute, in 2024 the prices of apartments on the secondary market increased by 18% in the group of 17 largest cities. y/y, and on primary market by 14 percent y/y. This means that the purchasing power of Poles on the housing market has decreased – according to the report by Metrohouse and Credipass.
Creditworthiness of Poles
According to the report, in December the maximum creditworthiness of a single person with an income of PLN 6.5 thousand was net amounted to PLN 481 thousand. zloty. A single person with a child with the same income could count on a mortgage loan of up to PLN 488,000. zloty. A couple earning PLN 8,000 PLN “on hand” had a creditworthiness of PLN 567,000. PLN, and a couple with a joint income of PLN 12,000. she could get PLN 888,000. PLN housing loan.
A married couple with a child with an income of PLN 8,000. PLN could apply for a loan of PLN 476,000. PLN, and earnings PLN 12,000. PLN – 931 thousand zloty. In turn, a 2+2 family with an income of PLN 12,000. PLN had a creditworthiness of PLN 889 thousand. zloty.
The list prepared by experts from the Metrohouse real estate agency network, which uses transaction data for apartments on the secondary market collected by the National Bank of Poland covering the third quarter of 2024, shows that the maximum loan that a single person with an income of PLN 6.5 thousand can receive. PLN will allow you to buy a flat in Warsaw with an average area of 30.6 sq m, and in Kraków 32.2 sq m. In Gdańsk and Wrocław, it will be difficult to buy a flat larger than 40 sq m. In cities such as Bydgoszcz, Katowice, Kielce, Łódź or Zielona Góra, a single person can count on finding PLN 481,000. PLN for much larger premises, even with an area of 60 square meters.
According to Metrohouse estimates, a 2+1 family will have big problems when purchasing real estate, e.g. in Warsaw and Kraków, where their creditworthiness will allow them to purchase a small two-room apartment, and preferably on the outskirts of these cities. Also in this case, a higher standard could be afforded in Bydgoszcz, Kielce or Zielona Góra.
Couples earning PLN 12,000 PLN and 2+2 families with a similar level of income had sufficient creditworthiness in December to purchase a small 3-room apartment up to 60 sq m in Warsaw or Krakow. In Bydgoszcz, Łódź, Olsztyn, Opole, Katowice, Kielce and Zielona Góra one could For this amount, find premises with an area of over 100 square meters on the market
Main photo source: fizkes/Shutterstock