63 percent fewer applications for housing loans. Can we expect real estate prices to fall?

The value of home loan inquiries fell 65 percent year-on-year in November. The number of applicants also decreased by 63%. – according to data from the Credit Bureau. BIK chief analyst prof. Waldemar Rogowski believes that in the near future a fall in real estate prices can be expected, but it will not be a spectacular reduction.


In November 2022, a total of 13.60 thousand applied for a housing loan. potential borrowers. A year earlier, at the same time, there were 36.74 thousand, which means a drop of 63 percent. y/y

On the other hand, compared to October 2022, the number of people who applied for a housing loan also decreased by 2.4%. The value of the BIK Index of demand for housing loans (BIK Index – PKM) tells about the annual dynamics of the value of submitted applications for housing loans. The value of the Index means that in November 2022, on a working day, banks and credit unions sent requests for housing loans to BIK in an amount lower by 65.0%. compared to November 2021

The average value of the requested housing loan in November this year amounted to PLN 337.47 thousand. PLN and was lower by 5.6 percent. ow compared to the value from November 2021. Compared to October 2022, however, it was higher by 0.3 percent.

Related posts

Leave a Comment