BIK: the value of mortgage enquiries rises 14.9 per cent in October

BIK has published its new mortgage-demand reading for October 2026. The value of enquiries submitted by banks and credit unions, adjusted per working day, is 14.9 per cent higher than a year earlier. The 9 November announcement describes demand for financing rather than the value of loans already disbursed.

The number of mortgage applicants increased 2.5 per cent compared with October 2025, but declined 3.2 per cent from September 2026. The average amount requested reached PLN 524,500, up 7.2 per cent year on year and 0.4 per cent month on month.

According to BIK analyst Sławomir Nosal, refinancing existing mortgages also supports demand. Lower interest rates and competition between banks encourage some borrowers to seek lower debt-servicing costs. He also notes that wages growing faster than inflation help improve creditworthiness.

The new figures show annual growth in enquiry value exceeding growth in applicant numbers, while the average financing amount sought increases. The index is not a promise of loan approval or a price for a particular offer. It covers mortgage enquiries and should not be equated with signed loan agreements or home sales.