The BIK Mortgage Loan Demand Index reports a 36.0% year-over-year (YoY) increase in mortgage loan inquiries in January 2025. This means that, on a working-day basis, banks and credit unions (SKOKs) submitted mortgage loan inquiries to BIK at a value 36% higher than in January 2024.
Mortgage Loan Demand Index – A Key Market Indicator
The BIK Mortgage Loan Demand Index measures the interest in mortgage loans in Poland. It reflects changes in the value of mortgage loan applications submitted by individual clients, comparing them to the same period in the previous year. This index is a crucial tool for analysts and financial institutions, helping to assess trends in the mortgage loan market and forecast credit activity in the coming months.
In January 2025, a total of 28,310 people applied for a mortgage loan, compared to 22,560 in January 2024, marking a 25.5% YoY increase. There was also an 8.8% rise compared to December 2024, indicating strong demand growth.
The average mortgage loan amount requested in January 2025 was PLN 441,460, up 3.4% YoY. However, compared to December 2024, the amount declined by 0.8%.
Market Context and Future Outlook
“The 36% increase in the Mortgage Loan Demand Index should be viewed in the context of the index’s methodology. The January 2025 reading is compared to January 2024, a period when mortgage demand slowed due to the termination of the ‘Safe Mortgage 2%’ program in December 2023 and anticipation of a new support program in 2024,” explains Dr. Waldemar Rogowski, Professor at SGH and Chief Analyst of BIK Group.
The expert forecasts further increases in the Mortgage Loan Demand Index in the coming months of 2025.
“The effect of the high comparative base from the second half of 2023, which was still stimulated by government support programs, will fade. Instead, comparisons will be made against 2024, when demand slowed, and mortgage applications were submitted under market conditions,” notes Prof. Rogowski.
“In January, we observed an increase in the number of mortgage applicants both year-over-year and month-over-month. This trend is closely linked to activity in the real estate development market. Some potential borrowers may feel that now is a good time to purchase property and take out a mortgage rather than wait for a potential new government support program,” he adds.
Another key factor influencing the Demand Index is the average requested mortgage amount.
“In January, it stood at PLN 441,460, which is 3.4% higher than a year ago. Moving forward, I believe that the primary driver of the index will be the number of applicants rather than the average loan amount,” states BIK Group’s Chief Analyst.
Conclusion
The continued rise in mortgage loan demand suggests that potential homebuyers are increasingly willing to enter the market, possibly due to stabilizing economic conditions and confidence in property investments. While mortgage loan amounts remain stable, the growing number of applicants indicates strong market activity, which could shape credit policies and real estate trends throughout 2025.
Source: ManagerPlus.pl
