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Mortgage loan – applications, August 2021 – data from BIK

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A total of 41.88 thousand potential borrowers applied for a mortgage in August. This means an increase of 28.3 percent compared to the same period last year and a decrease of 2.8 percent compared to July, the Credit Information Bureau informed. The average value of the requested loan has been growing for 15 months and set a new record in August.

According to BIK data, in August this year. a total of 41.88 thousand applied for a housing loan. potential borrowers, compared to 32.65 thousand. a year before. “Compared to August 2020, 9,23 thousand more people applied for a housing loan than in August last year. It should be noted, however, that in August 2021 there was one more working day” – indicated the chief analyst of the Information Office Kredytowa prof. Waldemar Rogowski.


Mortgage – average value

The average value of the requested loan last month was PLN 330.2 thousand. PLN and was higher by 13.9 percent. than a year ago. Rogowski pointed out that the average amount of the requested housing loan once again reached a historic record. “In August 2021, the average amount of the requested loan was PLN 40.26 thousand higher than a year ago” – noted the analyst. For comparison, the average value of the loan applied for in July this year. was 328.0 thous. PLN, and in June it was 326.72 thousand. zloty.

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According to BIK data, compared to December 2020, the average amount of the requested loan increased by PLN 22.7 thousand. PLN, or 7.4 percent. “The increase in the average amount of the loan applied for is due to the ever higher real estate prices. Both the price of a square meter of usable floor space is rising, and larger and more expensive properties are bought in better locations, that is more expensive” – ​​explained Waldemar Rogowski.

“Despite the high level of optimism, it should be noted that since March we have had a gradual decline in the number of applicants on a month-to-month basis. Demand in quantified terms is losing momentum,” he added.

The average monthly loan amount has been increasing continuously for 15 months, i.e. from June 2020.

Main photo source: Shutterstock

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