Demand for loans is decreasing: Only 26.03 thousand applications for loans housing applications were submitted in December 2024. Meanwhile, a year earlier there were 46.31 thousand of them. This means year-on-year decline by 43.8%.. There is no trace of October's optimistic data. The demand for loans dropped by as much as 3.4%. month to month. December was worse than the already poor November.
Poles are waiting: – Due to the situation on the developer market, the growing number of offers and the decline in apartment sales, some potential borrowers may have refrained from purchasing real estateand thus taking out a housing loan, in waiting for prices to drop – says prof. Waldemar Rogowski, chief analyst of the BIK Group. Some may also be waiting for a new support program for borrowers.
Fewer but more expensive loans: Moreover, the Credit Information Bureau reports that by 45.4 percent compared to December 2023 the value of inquiries about housing loans decreased. The point is how much per working day banks and credit unions sent inquiries about housing loans to BIK. On the other hand, the average value of the requested housing loan amounted to as much as 444.90 thousand last month. zloty. This is more by 2.2 percent. compared to the previous year and by 2 percent. compared to November. – It is historically the highest valuethat we have recorded so far. This may be due to the purchase of more expensive real estate by people with higher incomes who apply for higher housing loan amounts – he adds.
Key period: It is also worth noting that we compare these data with the high base of the second half of 2023, stimulated by the “Safe Credit 2 percent.” Due to the fact that December 2023 was the last year in which this program operated, in the following months comparisons will only concern the months when loan applications were submitted on market terms.
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Sources: : Credit Information Office