The number of mortgage loan applications sank by 70.9% year-on-year, the agency’s data have shown.
‘Nothing indicates that the demand has reached its lowest point; we still can’t see any signs of a rebound on the horizon,’ commented Professor Waldemar Rogowski, the chief analyst for the Bureau.
He explained that interest rate hikes, strict credit requirements and fears of a recession have crippled the demand for mortgage loans.
At the same time, the accumulated value of the loans plummeted by 72.9%, with the average bank credit sum standing at PLN 336,660 (EUR 71,550, USD 72,800), a decrease by 2.9% compared to August 2021.
Professor Rogowski stressed that this decline might signify that Poles are becoming less creditworthy.
(pjm)
Source: Wprost