2025 Poland Mortgage Market Report: Volumes, Interest Rate, and Creditworthiness

Last year was an eventful one for the mortgage market in Poland. Below is a comprehensive summary of the key trends.

Value of Mortgages Granted in 2025: Breaking Records, or not Really?

BIK (Credit Information Bureau)—the institution housing loan data from all banks and financial firms in Poland—reports that mortgages granted in 2025 totaled 105.9 billion PLN. This suggests that the market has broken the previous record of 88.6 billion PLN set in 2021.

In our opinion, there is a major issue with this data and the way BIK gathers it from banks. Under the current mechanism, all mortgages granted—whether original mortgages for property purchases or refinanced mortgages—are bundled together. This leads to significant double-counting.

Based on our internal data, many customers refinanced their mortgages last year. Some transferred the same mortgage twice to maximize savings as rates shifted. In the BIK reports, all these events add to the total value of mortgages sold. Until the institution differentiates between loan types, the data will not provide a clear picture of the market.

At the same time, the average mortgage amount grew from 425,000 to 460,000 PLN. This is confirmed by our observations: mortgages exceeding 1 million PLN, which are typically associated with properties in the 2-3 million PLN range, are being purchased more frequently, thereby increasing the average credit amount.

Interest Rates in Poland: The Shift to 4%

Last year brought positive news for mortgage holders, as the NBP reference rate dropped 7 times, falling from 5.75% at the start of 2025 to 4.00% by the end.

While the reference rate dropped, WIBOR 3M fell even further - from 5.85% to 3.85%. Conversely, 5-year fixed rates remained less affected, starting at 6.6% and ending at 5.5%. This suggests banks have inflated margins on fixed-rate deals, balancing the reference rate drop.

2026 Forecast: The downtrend is likely to continue, though at a slower pace. The Monetary Policy Council (RPP) suggests 3.5% as the “equilibrium” rate for 2026, and depending on inflation, we think the actual rate might fall even lower. It remains unclear if more aggressive price competition between banks will emerge this year, but whatever happens, our customers will be the first to know.

Creditworthiness in 2026: Comparison Data

How do lower rates affect your maximum creditworthiness? We updated our 2025 report calculations to show the differences.

Our Assumptions:

• Age: 30 years old | Liability: No current credit debt.
• Contract: Unlimited work contract (umowa o pracę na czas nieokreślony).
• Benefits: 800+ included for families with children.
• LTV: 20% own contribution (80% Loan-to-Value).
• Term: 360 months | Installments: Even (raty równe).

Maximum Loan Amounts 2025 vs. 2026:

• Single (4k PLN net): 263,000 PLN (was 245,000).
• Single (6.5k PLN net): 531,000 PLN (was 465,000).
• Single + 1 Child (6.5k PLN net): 490,000 PLN (was 449,000).
• Couple (8k PLN net): 591,000 PLN (was 549,000).
• Couple + 1 Child (8k PLN net): 476,000 PLN (was 460,000).
• Couple (12k PLN net): 981,000 PLN (was 859,000).
• Couple + 1 Child (12k PLN net): 950,000 PLN (was 901,000).
• Couple + 2 Children (12k PLN net): 906,000 PLN (was 860,000).

Property Prices in 2025: A Limited, but Historical Drop

According to Pekao Bank and the National Bank of Poland (NBP), 2025 saw the first price dip since 2016. Nominal prices fell 0.8% on the primary market and 0.4% on the secondary market. When adjusted for inflation, this was a 3-3.5% real-term drop. Analysts expect a rebound later this year with a projected 5% growth. Whether they got it right, time will tell.

Best regards, 

Loan-brokers.pl Team

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