Mortgage boom is slowing down. Poles can borrow less and less.

Banks anticipate a decline in housing loan demand by the end of 2026, influenced by a cooling refinancing trend and uncertainty over interest rates. Despite record mortgage sales earlier this year, the market is shifting as refinancing opportunities diminish. Fixed-rate loans are becoming more expensive than variable-rate ones, driven by expectations of future interest rate hikes. Additionally, the creditworthiness of Polish families is decreasing, partly due to stricter lending criteria and changes in how child benefits are considered in income assessments. Overall, while demand is expected to drop, it is not seen as a market collapse but rather a normalization of conditions.