The value of inquiries for mortgage loans in Poland surged by 46.4% year-over-year in May 2025, according to the latest BIK Mortgage Loan Demand Index. This means that, adjusted for working days, banks and credit unions (SKOKs) submitted mortgage loan inquiries to BIK (Credit Information Bureau) totaling 46.4% more than in May 2024.
The BIK Mortgage Loan Demand Index is a key indicator of consumer interest in mortgage loans in Poland. It measures the change in the value of mortgage applications submitted by individual clients compared to the same period in the previous year. Financial institutions and analysts use this index to track trends in the housing credit market and to forecast future lending activity.
In May 2025, a total of 38,630 people applied for mortgage loans, up from 26,990 in May 2024, marking a 43.1% year-over-year increase. Compared to April 2025, the number of applicants rose by 8.4%.
The average value of a mortgage application reached PLN 467,600 in May 2025, an increase of 7.4% compared to the same month last year, and 2.1% higher than in April.
“The number of people applying for a mortgage loan increased by 8.4% in May compared to April, and by 43.1% year-on-year. This is the highest figure since October 2021, excluding two major peaks: in March 2022, due to the announced increase in the interest rate buffer, and in the second half of 2023, due to the launch of the ‘Safe 2% Mortgage’ program,” noted Prof. Waldemar Rogowski, Chief Analyst at BIK Group.
According to Rogowski, demand has been revived by the first interest rate cut and expectations of further reductions. The lower interest rates have become a turning point for many borrowers, in contrast to the period between June 2022 and June 2023, when high rates virtually froze the mortgage market.
Another factor supporting the rise in demand is the stable property market, including signs of year-over-year price declines in the secondary housing market, which encourage purchases.
The record-high average mortgage amount – PLN 467,600 – also contributed to the index’s strong growth.
“In my opinion, in the coming months, we will likely see the Mortgage Loan Demand Index reach new highs, driven by both an increasing number of applicants and rising average loan amounts,” added Prof. Rogowski.
Source: ManagerPlus.pl
