House buyers in Poland have enjoyed lower mortgage interest rates in post covid years ( 2020-2021) approximate 2.90% .
In recent years, Poland’s housing sector has experienced remarkable growth. Residential unit (apartment) prices in major urban regions have climbed by an average of 10% in the last three years.
This has been accompanied by a similarly rapid increase in pay. The average monthly wage in the major cities increased by more than 20% between 2017 and 2020.
Last 5 years Mortgage interest rate in Poland
As you can see in the chart about mortgage interest rate in Poland remains modest in last 5 years , Ranging from 1.5% to 2.9% .
Next 5 years Mortgage interest rate in Poland
We likely to see bigger swings in mortgage interest rate in Poland due to higher inflation and ECB’s rate hike forecast . Mortgage interest rate in Poland likely to see 6% mark in 2023 followed by flat move and then settling down around 3-3.5% in next 5 years.
