Tag: BIK

Young Poles increasingly choose work over studies – a new trend among graduates

Is higher education still valued? Not necessarily. The era of studies that do not lead to a specific profession is gradually becoming obsolete. As...

Decline in Indebted Farmers Recorded, but Experts Warn of an Incomplete Picture

At the end of June this year, entries concerning 1.5 thousand unreliable debtors from the categories of farming, animal breeding and hunting, including the...

The State of Residential Construction in Poland: Promising Numbers, Lingering Doubts

The latest statistics from Poland's Central Statistical Office (GUS) regarding residential construction incite mixed feelings. On the one hand, they indicate a significant increase...

Inflation, Rising Costs, and Payment Delays: The Biggest Challenges Facing MSMEs in 2024

Inflation, high costs of materials and energy, and sales decline have been the three biggest challenges for micro, small and medium enterprises (MSMEs) for...

Decrease in the Number of Indebted Poles, but Average Debt Continues to Rise in 2024

Data from three different registers indicate that by the end of the first half of this year, there were between over 2 million to...

Loan Growth in Poland: August 2024 Sees Increases Across Mortgage, Cash, and Installment Loans

In August 2024, compared to August 2023, banks and credit cooperative organizations (SKOKs) granted more loans in the three main categories: cash (+13.9%), installment...

Housing Market in August: Kraków Sees Revival, Sales Drop in Other Cities, and Rising Prices Despite Increased Supply

Polish developers enjoyed a boom last August thanks to the government's "Safe Credit 2%" program. However, sales offices across the country have seen a...

Banks Ease Mortgage Terms as Average Credit Capacity Rises to 488 Thousand PLN Amid Anticipated Rate Cuts

Lack of specifics about a new state support program for property buying and anticipation of an interest rate cut have led banks to ease...

Housing Loan Inquiries Drop by 25.2% in August 2024, While Average Loan Amount Rises

The value of inquiries for housing loans fell by 25.2% year on year in August 2024, reports the BIK Index of Demand for Housing...

Debt in the HoReCa Sector is Rising, but Not Everywhere. Hotels Are Faring Better Than Restaurants

Despite mixed opinions from the market, accommodation owners will likely consider this season a success. According to the Central Statistical Office (GUS), the number...

Decline in Number and Value of Loans Granted to Micro-Entrepreneurs in July 2024

In July 2024, compared to July 2023, banks granted fewer loans to micro-entrepreneurs (-5.8%) and for a lower value (-4.2%). Sale of loans for micro-entrepreneurs...

Apartment Sales Slow Down in 2024: Longer Wait Times, Especially for Larger Units

Apartment owners have felt the slowdown in demand in the market firsthand. An extension of the sales time in 2024 was confirmed by the...

Rising Debt in the Book Market Casts a Shadow Over International Book Lovers Day, Raising Concerns for the Industry’s Future

Non-fiction, journalism, fiction, crime, or thrillers - these are just some of the popular genres that readers all over the world love. For many,...

Housing Loan Demand Cools Down After Government Program Ends

The value of inquiries for housing loans fell by 31.7% year on year in July 2024, according to the BIK Index of Demand for...
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