Mortgages in Poland

In November 2022 the number of borrowing transactions secured by mortgage

and their value, has dropped by close to 70%, compared to November 2021.

A year on year decrease amounts to close to 50%.

The rate of the expensive mortgage transactions ( over 500,000 PLN )

have dropped slightly less, Close to 40% annually.

The whole real estate market in Poland is now in a period of hibernation.

the main reason for all of this, the basic rate of interest in Poland is 7.6%.

The banks being afraid of further increases require customers to show a redemption rate of 12%

which of course makes it impossible for a large segment of the population to secure a loan

Diving into the mind of a potential Israeli investor. Prices might eventually fall down.

On the other hand The exchange rate between the Zloty and the Shekel show for the last

2 months a steady increase of the value of the Zloty compared to the Shekel.

from a minimum of one Zloty being 0.70 shekel, to currently 0.79