The value of mortgage loan inquiries increased by 34.3% year-on-year in October 2025, according to the latest data from the Credit Information Bureau (BIK), which published its Mortgage Loan Demand Index (BIK Index – Mortgage Loan Demand). This index reflects the change in the value of inquiries sent by banks and credit unions (SKOKs) to BIK, calculated per business day – providing insight into both current client financing needs and the dynamics of the mortgage market.
Record Number of Applicants
The report shows that in October 2025, a total of 42,920 individuals applied for a mortgage loan. This marks a 24.5% increase compared to the same month in 2024, when the figure stood at 34,480 applicants. These data indicate that interest in financing property purchases remains strong and continues to grow. Compared to September 2025, the number of applicants increased by 7.6%, suggesting a sustained drive among borrowers despite high housing prices and economic uncertainty.
Rising Average Loan Amount
The average value of mortgage loans applied for in October 2025 reached PLN 474,860 – representing a 7.9% increase year-on-year and a 0.5% rise compared to the previous month. This growth may be the result of both rising property prices and a greater share of loans sought for the purchase of larger apartments or single-family homes.
Growth Trend Driven by Interest Rate Decisions
Sławomir Nosal, Head of the Analysis Team at BIK, pointed to the direct link between mortgage loan demand and decisions made by the Monetary Policy Council (RPP). He stated:
“In October this year, nearly one-quarter more people applied for a mortgage loan compared to the same period last year. This confirms a growing trend in interest in bank financing for home purchases. Borrower appetite is rising in line with – and even in anticipation of – RPP’s decisions regarding interest rate levels.”
The 0.25 percentage point interest rate cut announced in early October is expected to have a stronger impact on demand data in November. If current sales momentum and average loan values are maintained, 2025 could end as a record year for mortgage originations.
Broader Housing Market Recovery
The increasing number of mortgage applications aligns with the broader upturn in the real estate market, visible especially since mid-2025. Expectations of further rate cuts, rising wages, and a shortage of housing in major cities create favorable conditions for stronger demand. Growing household creditworthiness and the release of funds from support programs such as “Mieszkanie na Start” (Homes to Start) could further stimulate market activity.
Source: CEO.com.pl
