Recently, interesting data has appeared for EU countries, showing household debt in relation to family incomes. It is worth taking a closer look at the results from Poland.
National media have recently often pointed out that in terms of the average interest rate on repaid and granted housing loans, Poland unfortunately leads the EU. What’s more, from 2012 to 2023, only Hungary (6.66%) had a higher average interest rate on new housing loans than Poland (5.06%). However, there is also good news . It pertains to the level of housing debt compared to household incomes, which is analysed by RynekPierwotny.pl experts.
The table below, prepared on the basis of data from the European Mortgage Federation (EMF), shows what was the ratio of total housing debt to disposable household income in 2023. It is about comparing the total amount of housing debt from 2023 and the income that all households had at their disposal in the same year.
It turns out that in the case of Poland, such a calculated ratio from 2023 (25%) was not only significantly lower than the EU average (71%). In the group of 25 analyzed countries, only five countries had lower housing indebtedness in relation to the incomes of families and singles than Poland (Slovenia – 22%, Greece – 20%, Latvia – 19%, Romania – 13%, Hungary – 12%). Noticeably high results from such countries as Norway (202%), Sweden (182%), Denmark (155%), the Netherlands (155%) and Luxembourg (140%) attract attention.
Author: Andrzej Prajsnar, expert at the RynekPierwotny.pl portal.
Source: https://managerplus.pl/polska-z-niskim-poziomem-zadluzenia-mieszkaniowego-wzgledem-dochodow-na-tle-ue-wyroznia-sie-pozytywnie-56635
