Mortgage lending in Poland back on growth path

WARSAW, Poland - Feb. 2, 2015 - PRLog -- “The value of outstanding mortgage lending in Poland was up a 6% in 2014, reaching a total 351 billion PLN at year end. Building on favorable economic developments, positive customer sentiment and the cost of money at record low, new mortgage lending in Poland is expected to accelerate in 2015 -2017,” explains Marcin Mazurek, Directorof Inteliace Research, a consultancy specialized in CEE financial-markets research.

The mortgage lending market is expected to continue its recovery during 2015-2017 as positive factors—including record low nominal interest rates, and higher affordability due to lower prices of real estate—will take full effect. Moreover, rebounding real estate prices are likely to encourage buyers to use credit and buy properties at current prices. On the negative side there will be a new regulatory barrier forcing banks to require higher equity from mortgage clients. The ratio of equity is set to grow by 5 percent points annually to reach 20% in 2017.Finally, the extreme volatility of Swiss franc, the currency of 500k+ outstanding mortgage contracts in the country, is expected to weigh on new mortgage lending and on the quality of outstanding mortgage portfolios of banks.

ABOUT THE REPORT

“Mortgage Lending in Poland, 2015–2017” 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 2015 through 2017. For more info visit reports page: http://www.inteliace.com/en/00133_mortgage_lending_in_Pol...

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 2005–2015, 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.