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Banks sell a mortgage after a loan
So what if real estate prices are constantly rising? Poles are queuing up for mortgages, which are coming down this year. There are many indications that the passing year 2020 will go down in economic history as the one in which Poles indebted themselves the most to record amounts. Especially when it comes to housing loans.
Today everyone wants to have their own four angles. Such a conclusion can be drawn after the unflagging demand for both real estate and the situation in banks, where on average more than a thousand people get the desired mortgage every day.Poles' mortgages, or how to go crazy is crazy
Real estate prices in large cities seem to rise rather than fall. And although the first two quarters seemed a little more optimistic for those looking for a cheaper "m", the second half of the year verified the situation. The third quarter of 2020 is the average increase in property prices in most major cities in Poland. And it's not small, because depending on the size, you had to take into account spending from 3 to even 8 percent. than at the beginning of the year.
What was the effect of that?
Average amounts of mortgage loans have gone off. Based on the Totalmoney.pl loan comparison website, where you can find any type of consumer loan, the most-chosen mortgage in 2020 was liabilities from 250,000 to 300,000. zł. This coincides with the analysis of the Credit Information Bureau, according to which the average loan amount requested for an apartment in November this year is exactly 281.7 thousand. zł.
See also: Flats increased by a dozen or so percent. Market signals indicate that the bull market is not ending
As it turns out, in November alone mortgages were granted 33.6 thousand. Poles. It is up to 7.5 percent more than last year, which was still a "fat" period for banks specializing in housing loans. Little? Let's add 12.8 percent to this year-on-year growth in terms of the value of the loan taken. It's impressive.
Read also: House prices are rising dynamically. In Warsaw you will pay almost 10,000 PLN per meter "And what is this queue for?"
And where most Poles took out a mortgage in 2020? There is only one leader. It is PKO BP that occupies top positions in mortgage rankings and is not surprising. For most borrowers, PKO BP offers really competitive conditions and is open to a really large clientele. W klika minut masz własny kredyt gotówkowy przez internet.
And according to the Totalmoney analysis, it is the mortgage at PKO BP for approximately PLN 250,000 that is the grail of all Polish borrowers. Indebted for nearly a quarter of a million zlotys with a repayment period of 25 years, the installment for a mortgage in PKO BP will average PLN 1,160.97. It's much less, because you will have to pay an average of one hundred zlotys a month more for the same loan in Pekao SA
See also: Flats increased by a dozen or so percent. Market signals indicate that the bull market is not ending
As it turns out, in November alone mortgages were granted 33.6 thousand. Poles. It is up to 7.5 percent more than last year, which was still a "fat" period for banks specializing in housing loans. Little? Let's add 12.8 percent to this year-on-year growth in terms of the value of the loan taken. It's impressive.
Read also: House prices are rising dynamically. In Warsaw you will pay almost 10,000 PLN per meter "And what is this queue for?"
And where most Poles took out a mortgage in 2020? There is only one leader. It is PKO BP that occupies top positions in mortgage rankings and is not surprising. For most borrowers, PKO BP offers really competitive conditions and is open to a really large clientele. W klika minut masz własny kredyt gotówkowy przez internet.
And according to the Totalmoney analysis, it is the mortgage at PKO BP for approximately PLN 250,000 that is the grail of all Polish borrowers. Indebted for nearly a quarter of a million zlotys with a repayment period of 25 years, the installment for a mortgage in PKO BP will average PLN 1,160.97. It's much less, because you will have to pay an average of one hundred zlotys a month more for the same loan in Pekao SA
Check online mortgage offers
In the game for Poles' mortgages, a mortgage in BNP Paribas, chosen by a large number of people, is still taking part. A relatively popular mortgage is also at mBank, Millenium Bank, as well as ING Bank Śląski.
How much longer will it take?
According to most experts, the record may be repeated as early as 2020. The Monetary Policy Council has recently assured that interest rates in our country will not change. Since 2015, the NBP reference rate has been 1.5% all the time and is expected to be so throughout the next year. And it is the reference rate that matters most among all interest rates when it comes to possible increases in mortgage costs.
Read also: Warsaw on par with Berlin ... in the price of renting apartments
What can harm? Possible economic slowdown, which may collapse the housing market. However, according to data, the Polish economy is the second fastest growing country in the European Union in terms of GDP growth, which is 2.1 percent. Therefore, rather this issue will not be a "brake" in the rush for housing and mortgage.
Real changes can only come in 2022. Until then, the mortgage may take at least 300,000. Poles.
Read also: Warsaw on par with Berlin ... in the price of renting apartments
What can harm? Possible economic slowdown, which may collapse the housing market. However, according to data, the Polish economy is the second fastest growing country in the European Union in terms of GDP growth, which is 2.1 percent. Therefore, rather this issue will not be a "brake" in the rush for housing and mortgage.
Real changes can only come in 2022. Until then, the mortgage may take at least 300,000. Poles.