The creditworthiness of Poles is increasing, Brussels wants cheaper electricity
Poles' creditworthiness is improving due to a recent interest rate cut, allowing for larger mortgage loans amid slow housing price growth.
In a recent podcast episode of βYour Businessβ, it was reported that the creditworthiness of Poles has seen significant improvements. This positive change comes after the Monetary Policy Council's decision to lower interest rates by 25 basis points, which has allowed individuals planning to purchase homes to qualify for larger mortgages. The slow growth of housing prices in major Polish cities, averaging around 1.7% year-on-year, indicates a real decrease in cost when adjusted for inflation, thus enabling buyers to afford larger living spaces. Families in Warsaw, for instance, can now purchase over 85 mΒ² compared to 68 mΒ² last year with the same financial parameters.