Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Finance

Mortgage lending in Poland to resume growth—but not until 2014


Print article Print article

MORTGAGE LENDING EVOLUTION IN POLAND
MORTGAGE LENDING EVOLUTION IN POLAND
2013-02-25 21:14:50 - “The value of outstanding mortgage lending in Poland inched up a mere 1% in 2012, reaching a total 316 billion PLN at year end. Also, 2013 is not likely to bring a significant improvement as positive factors—including a new governmental support program for first-time homebuyers, a more-relaxed regulatory environment, lower nominal interest rates, and higher affordability of real estate due to lower prices—are not expected to take full effect until 2014,” explains Marcin Mazurek, Director of Inteliace Research, a consulting company specializing in CEE financial-markets research.



While total mortgage debt remained stable, big changes took place in its currency structure. While the value of fx-denominated loans affected by regulatory tightening and strengthening currency contracted by 10%, a solid 18% growth in local currency loans compensated for the loss. The frequently used indicator of market development, outstanding debt-to-GDP ratio, contracted for the first time in recent history from 20.6% in 2011 to 19.8% in 2012.

The mortgage lending market is expected to remain sluggish during most of 2013 but gradually improve through 2015 as positive factors—including a new governmental support program for first-time homebuyers, a more-relaxed regulatory environment, lower nominal interest rates, and higher affordability due to lower prices of real estate—will take full effect.

For more information on

recent developments in the Polish mortgage market, please refer to the publication "Mortgage Lending in Poland, 2013–2015," available at www.inteliace.com.

ABOUT THE REPORT
“Mortgage Lending in Poland, 2013–2015” is the latest full update of Inteliace’s annual publication on the mortgage-lending sector in Poland. The report describes the present market structure and recent trends in the market, and it also provides forecasts of the outstanding value of mortgages for the years 2013 through 2015.

ABOUT INTELIACE RESEARCH
Inteliace Research is an independent consulting company that focuses on the financial markets in Central and Eastern Europe. Inteliace Research specializes in management consulting and custom research services, including market-entry strategy, product launch, and performance and benchmarking analysis. During 2005–2013, Inteliace Research provided its products and services to more than 60 clients, including major CEE banks and several "The Banker" top world banks. To learn more about Inteliace Research, please visit its webpage: www.inteliace.com.


Contact Information:
Inteliace Research

Pod Lipa 6
02-798 Warszawa
POLAND

Contact Person:
Marcin Mazurek
Director
Phone: +48224086620
email: email

Web: www.inteliace.com



Marcin Mazurek

Author:
Marcin Mazurek
e-mail
Web: www.intelace.com/
Phone: +48 502 512 178

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com