The creditworthiness of Poles has dropped significantly. Alarming data

In October, single individuals with a net income of 6,000 PLN could obtain an average loan of 422,600 PLN, a decrease of over 2% from the previous month. Childless couples earning 8,000 PLN saw an average loan of 524,500 PLN, down about 3%. Families with one child earning 10,000 PLN experienced a smaller decline, averaging 603,100 PLN, which is over 1.5% less than in September. The tightening of credit capacity significantly impacted the housing market, especially in major cities, where the number of affordable apartments dropped dramatically. In Warsaw and Wrocław, the availability for singles decreased by 26%, while Kraków and Poznań saw drops of 22% and 21%, respectively. There are notable differences in loan amounts offered by banks, with a range of up to 130,000 PLN for singles. Experts do not expect a quick reduction in loan costs due to ongoing inflation and geopolitical tensions. Additionally, while some developers increased their offerings, the affordability of these…