Polish banks reported record-breaking mortgage sales in May, with total lending volume exceeding 13 billion zloty for the second consecutive month.
The surge in residential credit demand comes as the average monthly mortgage installment has risen to levels comparable to the cost of renting an apartment, highlighting the severe affordability squeeze facing prospective homebuyers.
According to Puls Biznesu, the sustained interest in mortgages is not solely driven by improved borrower creditworthiness.
The data suggests that despite high borrowing costs, the structural preference for homeownership over renting remains a dominant force in the Polish housing market.
This trend indicates that price sensitivity has not yet reached a tipping point that would deter buyers from securing long-term financing.
The development underscores the resilience of the Polish banking sector's retail lending book.