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More Poles taking out mortgages: central bank

PR dla Zagranicy
Grzegorz Siwicki 07.08.2018 08:00
A growing number of people in Poland are taking out housing loans, the country’s central bank has said in a report.
Image: jarmoluk/pixabay.com/CC0 Creative CommonsImage: jarmoluk/pixabay.com/CC0 Creative Commons

The number of mortgage seekers is constantly on the rise despite stricter bank criteria for granting such loans, public broadcaster Polish Radio’s IAR news agency has reported.

It quoted the National Bank of Poland's Piotr Kasprzak as saying that more people were deciding to buy homes on the back of a strong economy, falling unemployment, rising wages and job security.

Polish President Andrzej Duda earlier this month signed into law a bill aiming to speed up the construction of new homes amid a housing shortage.

According to real estate experts, there is still a shortage of around 3 million housing units in Poland.

The number of homes completed in Poland rose 6.3 percent in the first six months of this year compared with the same period in 2017, the country’s Central Statistical Office reported last month.


Source: IAR

tags: housing
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