Costs of housing loans in Poland. Disturbing data
In January, the average interest rate on new Polish housing loans was the highest in the European Union. Amounted to as much as 7.2 percent
Last year’s analyzes clearly indicated that Polish new housing loans were almost the most expensive in the European Union. This year’s results are not optimistic.
– A year ago, Polish new housing loans were almost the most expensive in the European Union. The situation has changed, but not for the better – says Andrzej Prajsnar, expert on the RynekPierwotny.pl portal.
Paszyk: “The cost of a loan in Poland is twice as high as in all of Europe”
The head of the Ministry of Technology regrets today.
– Today, the cost of a loan in Poland is twice as high as in all of Europe and therefore many young Poles cannot afford to pay off the apartment they purchased. Today, there is no other way to help young Poles apply for the first apartment, because in this program we only think about those who do not have their apartment yet – said the Minister of Technology and Development on Radio Jedynka Krzysztof Paszyk in relation to the “First Key” program.
Polish “mortgages” the most expensive in the EU
The minister’s words are confirmed by the analysis prepared by the RynekPierwotny.pl portal. It shows that in January 2025 the average interest rate on new Polish housing loans was the highest in the European Union and amounted to 7.42 percent.
– This is a difference, because in December 2023 and January 2024, Hungary was the infamous leader with the result of 8.65 percent, respectively. and 8.55 percent – indicates Andrzej Prajsnar. However, as the expert indicates, the interest rate on Hungarian “mortgages” recorded declines.
– In the following year, the average interest rate on new Hungarian “mortgages”, however, clearly dropped (up to 6.77 percent in January 2025). In the case of Poland, an annual decline also took place. I am talking about a change from 7.65 percent (January 2024) to 7.42 percent (January 2025). This change, however, was relatively small against the background of the declines of the average interest rate from Hungary and Romania, i.e. two other countries characterized by expensive housing loans. In the Czech Republic, the average interest rate of new “mortgages” has also dropped more than in Poland for a year (from 5.26 percent to 4.78 percent) – notes the expert.
