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The average mortgage interest rate in Poland has been on the decline since 2023 after surging to over **** percent in the fourth quarter of 2022 in response to inflation. With a value of *** percent as of the fourth quarter of 2025, mortgage interest rates in Poland were still well above the levels prior to the increase in interest rates that could be observed across Europe.

Demand for mortgage loans in Poland

Despite the tightening of credit policy by banks, the demand for mortgage loans is not decreasing. The residential market has also seen increases both in sales and in the construction of new premises. The increase in salaries combined with the decrease in the mortgage loan cost results in Poles having no problems buying apartments despite high prices. Higher wages also affect their creditworthiness, which is essential when applying for a mortgage. The value of housing loans amounted to a record billion zloty in 2019. Despite a decrease in 2017, the value of debt in 2019 increased by *** percent compared to the previous year. The increase in wealth has also been reflected in the average value of mortgages. In 2021, Bank Millennium granted the largest number of mortgages to Poles, although Bank * was the leader in terms of value.  

Demand for housing in Poland

 
Despite a growing number of flats, the prices are not falling, but on the contrary, they are continually rising. An increase in prices was recorded in every major city. The annual rise in prices in many cities went up between ** and ** percent. The most significant price increase on the primary market was recorded in *, while on the secondary market, Wroclaw prevailed. Nevertheless, Poles pay the most for a flat in the Polish capital Warsaw. In December 2024, the price per square meter of an apartment on the secondary market exceeded **** thousand zloty, while the price per square meter on the primary market was close to **** thousand zloty. However, the coronavirus (COVID-19) outbreak in Poland in March 2020 affected the investment plans in the real estate market. Both individual customers and developers recorded a significant decline in the number of construction projects commenced during this period.