Buying a flat requires more cash than last year

Increases in apartment prices are slowing down, but buying real estate with the help of a loan requires much more cash today than a year ago, estimates the chief analyst of HRE Investments Bartosz Turek.

He adds that the requirements for one’s own contribution have increased and the finishing crews also demand more.

This particularly affects young people, who more often work on the worst work contracts and banks currently do not accept these sources of income, he informs.

(PAP)