This year we see that the financial habits of most Poles are changing. One very specific change is that mortgages are very popular in this country. This is very new since for years Polish citizens did not feel comfortable borrowing from banks. Today, we see the opposite. What are the causes or underlying reasons of such a behavior change? Here are just a few explanations:

Influence from the West

Probably one of the best explanations for this is the influence of the West on Poland and its people. Since the globalization of Poland a lot of things have changed. We also have to remember that Poland joined the EU in 2004. After that, a lot of young people went to different countries for job or education. They got exposed to different cultures with different values and financial behavior. When they started coming back to Poland, they came back with both identities: one of a Polish citizen and the other of the foreign country they were staying at.

Marriage at a Far Younger Age

There is no doubt about it that today we see marriages at a far younger age than in the past. Without financial stability and proper cash flow, new couples are forced to take out a mortgage (called kredyt mieszkaniowy in Poland) in order to move into the same home. This is just one of the possible causes.

Another thing that is important to mention is that there are lots of resources available to Polish citizens. Any person who looks for a mortgage loan can use tools such as a kalkulator kredytowy (mortgage comparison engine), or customer reviews. These are just a few resources, but there are many more. The important thing is that everyone has everything he needs to make the right decision.