Home loan sales were stable in September. The devil is in the details

The value of housing loans closed in September was PLN 6.43 billion, according to data from the Credit Information Bureau. That’s over 9 percent. less than a year before, when the “Safe Loan” program was in operation – then banks and credit unions sold PLN 3.76 billion worth of subsidized loans and PLN 3.34 billion worth of ordinary loans. The September result is also 2.2 percent higher. greater than in August. Therefore, since April, the value of granted loans has been in the top six, although the fluctuations are significant: from PLN 6.21 billion in May to PLN 6.98 billion in July.

In September of this year, 15.3 thousand were drawn. PLN. loans, by 15 percent less than a year ago and by 3%. more than in August.

During the three quarters of this year, 159.1 thousand loans worth PLN 66.4 billion were granted. That’s by 63 percent. and 85 percent more than the same period in 2023.

Better creditworthiness drives demand

– Despite the absence of another support program, mortgage loans are doing quite well – said Waldemar Rogowski, chief analyst of the BIK group. – In September, interest was greater than in August, both in terms of numbers and value. Cumulatively, since the beginning of the year, the number of housing loans granted has increased by 62.9% and their value by 85.4%. compared to the same period in 2023. Three factors are responsible for such high dynamics, he emphasized.

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