Mortgage demand index at +17.4% in October

In October 2018, the BIK mortgage demand index describing the annual growth of mortgage loans applied for stood at +17.4%, according to a communique released by Biuro Informacji Kredytowej (BIK), a credit reference agency. Accordingly, the value of home loans regarding which the banks and SKOK credit unions made relevant requests to BIK in September, as per working day, grew by 17.4% over the same month in 2017.

In September 2018 the index stood at 23.6%, while in October 2017 at 10.7%.

The BIK mortgage demand index is computed as per working day, and it excludes requests regarding home loans of over PLN 1m (€232.96m) and requests concerning the same borrower during 90 consecutive days.