Polish housing loan demand remains strong in June despite monthly slowdown

Demand for housing loans in Poland remained above last year’s level in June, although the pace of growth moderated compared with previous months, according to the latest BIK Index of Demand for Housing Loans.

The index increased 15.8% year-on-year, indicating that, on a working-day adjusted basis, the total value of mortgage inquiries submitted by banks and cooperative credit unions (SKOKs) to the Credit Information Bureau (BIK) was 15.8% higher than in June 2025.

A total of 42,830 people applied for a housing loan during the month, compared with 37,400 applicants a year earlier, representing an annual increase of 14.5%. However, demand softened compared with May, with the number of applicants declining 5.0% month-on-month.

The average value of a mortgage application reached a new record of PLN 506,640, up 6.2% from June 2025 and 0.2% higher than in May.

According to Waldemar Rogowski, Chief Analyst at the BIK Group, the latest figures continue to indicate healthy demand for mortgage financing. He noted, however, that not every application is linked to the purchase of a property, as some borrowers are refinancing existing housing loans.

Rogowski also expects annual growth rates to moderate in the coming months as comparisons will increasingly be made against the stronger market conditions that emerged during the second half of 2025, reducing the favourable base effect that has supported recent year-on-year increases.

The record average loan amount reflects continued growth in property values and financing needs. BIK said the June reading of the index was driven by a combination of a higher number of mortgage applicants and an increase in the average amount requested. As applicant numbers stabilise, future growth in the index is expected to depend increasingly on changes in average loan values.

The BIK Index of Demand for Housing Loans measures changes in the value of mortgage applications submitted by individual borrowers compared with the corresponding period of the previous year. The indicator is widely used to monitor trends in Poland’s residential mortgage market and as an early indicator of future lending activity.