Press release
Mortgage lending in Poland to resume growth - but not until 2014
MORTGAGE LENDING IN POLAND EVOLUTION
While total mortgage debt remained stable, big changes took place in its currency structure. While the value of fx-denominated loans affected by regulatory tightening and strengthening currency contracted by 10%, a solid 18% growth in local currency loans compensated for the loss. The frequently used indicator of market development, outstanding debt-to-GDP ratio, contracted for the first time in recent history from 20.6% in 2011 to 19.8% in 2012.
The mortgage lending market is expected to remain sluggish during most of 2013 but gradually improve through 2015 as positive factors—including a new governmental support program for first-time homebuyers, a more-relaxed regulatory environment, lower nominal interest rates, and higher affordability due to lower prices of real estate—will take full effect.
For more information on recent developments in the Polish mortgage market, please refer to the publication "Mortgage Lending in Poland, 2013–2015," available at www.inteliace.com.
ABOUT THE REPORT
“Mortgage Lending in Poland, 2013–2015” is the latest full update of Inteliace’s annual publication on the mortgage-lending sector in Poland. The report describes the present market structure and recent trends in the market, and it also provides forecasts of the outstanding value of mortgages for the years 2013 through 2015.
ABOUT INTELIACE RESEARCH
Inteliace Research is an independent consulting company that focuses on the financial markets in Central and Eastern Europe. Inteliace Research specializes in management consulting and custom research services, including market-entry strategy, product launch, and performance and benchmarking analysis.
During 2005–2013, Inteliace Research provided its products and services to more than 60 clients, including major CEE banks and several "The Banker" top world banks. To learn more about Inteliace Research, please visit its webpage: www.inteliace.com.
Inteliace Research
Pod Lipa 6
02-798 WARSZAWA
POLAND
www.inteliace.com
info@inteliace.com
tel. +48 22 408 6620
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