Nearly 64,000 new mortgages

2010-08-16

Banks issued a total of 63,900 new housing loans in Q2 2010, which in value terms represents the combined sum of PLN 13.5bn (€3.4bn), according to the Polish Bank Association.
At the end of Q2 2010 the total debt resulting from loans issued for housing purposes amounted to PLN 245.9bn (€63bn), which translates into an increase of 13%. The average value of a such a loan was PLN 206,000 (€52,820). 23.6% of all mortgages were taken out in euros, and only 4.4% were denominated in Swiss franks. Zloty-denominated housing loans represented 71.9% of the total, which is down by 5% compared with the first quarter of this year. According to ZBP forecasts, the total value of all mortgages issued in 2010 will reach approximately PLN 50bn (€12.8bn).

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