Properties market Poland renting mortgages economy Mortgages Property market Slowdown Commentary Poland

Poland’s property market downturn may slow economy

The construction industry is always a weathervane in any economy, and a downturn in the property market always impacts other industries such as furniture or kitchen appliances.  In July of this year, the number of new properties being constructed in Poland was 8,400, the smallest figure since the Covid-19 crisis slammed the industry in May 2020. […]
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Mortgage payment holidays prove popular in Poland as 500,000 already claim to defer payments

Polish Prime Minister Mateusz Morawiecki has assured the public that Polish banks are strong enough to absorb the costs of the legislation entitling mortgage holders to suspend their repayments for up to eight months until the end of next year

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