Mortgage Applications Spike 42% in September as Credit Loosens
Polish banks processed 42% more mortgage enquiries in September 2026 versus a year ago, and approved 29.5% more loans. Stable inflation and employment are fueling renewed demand for home purchases.
Poland's mortgage market is showing renewed life as employment remains strong and inflation moderates. According to data from the Polish Credit Information Bureau (KRD), the number of mortgage loan enquiries in September jumped 42% year-on-year. More significantly, banks granted 29.5% more mortgages than in September 2025, signaling growing lender confidence and easier access to home financing.
The surge is being driven by a combination of economic factors: unemployment remains at historically low levels (under 3%), real wages are rising, and inflation has fallen to around 2.9–3.4%, down from peaks above 5% in 2023. The Polish National Bank (NBP) has also steadily reduced interest rates, bringing the policy rate from 5.75% in mid-2025 to 3.75% by mid-2026, which has eased the cost of variable-rate mortgages.
What This Means for Home Buyers and Renters
- Competitive lending environment: More loan approvals and more bank enquiries mean borrowers have greater choice and negotiating power. If you're considering a purchase, this is a favourable time to shop rates.
- Mortgage costs remain elevated: Although rates have fallen, total mortgage costs in Poland are still among Europe's highest due to bank margins (typically 1.8–2.5%). Foreigners in particular face stricter criteria and narrower lender selection.
- Rental market implications: Increased mortgage demand typically supports property prices and keeps rental yields tight. Renters may see continued stability but limited price relief.
For foreigners planning to buy property in Poland, the current environment offers better financing conditions than 2024–2025, but requires more preparation. Secure documentation of income, employment history, and proof of residency (Karta Pobytu or work permit) well in advance, and engage a mortgage broker (doradca kredytowy) familiar with non-resident lending criteria.
Sources
MyHAbroad is an independent app and is not affiliated with, endorsed by, or representing any government or public authority. This is general information only — not legal, tax, medical, or financial advice. Always verify with the official source before acting:
