The aggregate value of mortgage loan enquiries in Poland increased by 248.8% YoY in September, the Credit Information Bureau (BIK), a credit-scoring agency reported quoting requests for verification sent by commercial and cooperative banks.
A total of 36,590 potential borrowers applied for a mortgage loan in September, compared to 13,580 a year earlier, an increase of 169.5%, BIK said in an October 4 press release.
Compared to August, however, the number of people applying for a mortgage loan fell by 5.9%.
The increase in demand for mortgage loans is also due to an improvement in sentiment towards mortgages among potential borrowers who, for formal reasons, cannot be beneficiaries of the government’s preferential 2% interest rate mortgage loan programme, but whose credit score has increased. (PAP/Business World Magazine)