If the new loan program is implemented in the announced form, the prices will increase, possibly by double digits,” writes “Rzeczpospolita”.
“Apartment to start” program. Who is it aimed at?
We are talking about the even cheaper loan program announced by Donald Tusk's government – “Starter Apartment”, which provides for the possibility of borrowing from zero to 1.5 percent. by family size.
“There will be free credit for families of at least five people. The amount of the loan will not be limited, subsidies will be introduced only up to a certain amount,” we read.
Experts quoted by “RZ” are convinced that the new program will increase housing prices, just like the previous one introduced by the Law and Justice government, called “Safe 2% loan”. (already suspended).
– “Safe Credit” allowed many people to buy apartments, but also increased the prices. The solution was also used by those who could buy a building with a regular loan, says expert Tomáš Lebiej.
Is a double-digit price increase even possible?
Marek Wielgo from the portal RynekPierwotny.pl predicts that an imbalance between the demand and supply of apartments is not excluded for some time. – The effect can be even a double-digit increase in average prices – he adds.
On the other hand, Eva Palus, chief analyst of REDNET Property Group, states that fewer users will benefit from the new program than the previous one. In his view, this stems from the program's assumptions and the degree to which the “safe 2% loan” is used.
– In 2024, the price increase will be smaller than in 2023, – he predicts. At the same time, he reserves that the assumptions of the program may change. – The scale of the price increase caused by “Safe Credit” significantly exceeded the forecasts – he reminds.
According to the newspaper, however, an optimistic scenario is more likely, if we assume that developers will increase the scale of investments, hoping to maintain a high sales rate.
Also read:
The government program ran out of money. Acceptance of applications has been stopped
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