Polish macroprudential body assesses risk of price adjustment in real estate market as low
In the last quarter, a further slowdown in the growth of flat prices was recorded as a result of lower demand, but adjustments on the supply side mean that the risk of a price correction in the property market is assessed as low, Poland's macroprudential body KSF-M assessed in a statement.
"An analysis of current trends in the domestic residential property market indicates that the last quarter saw a further slowdown in the growth of flat prices in nominal and real terms as a result of lower demand. However, adjustments on the supply side mean that the risk of a price correction in the property market is assessed as low," KSF-M stated.
"The value of housing loans is growing at a moderate pace, and their quality remains very good. Banks' margins continue to narrow. There has been a decline in the use of [Poland's borrowers support fund - MI ed.] FWK aid funds," it added.
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