Flats in cities too expensive to finance own contribution in Polish Deal
20:05
Financing your own contribution with mortgage loans will not be useful for residents of large cities. Most of the offers available on the market do not meet the requirements of the program introduced by the Polish Deal – according to data collected by the Otodom portal.
The Polish Deal, which will enter into force at the beginning of next year, enables, inter alia, obtaining financing for your own contribution with a bank loan for the purchase of your own apartment. But it will not always be possible to use it. The program specifies the maximum grant limit at PLN 100,000, as well as the maximum price per square meter for a given location.
For example, for Warsaw, the limit is PLN 9,705. As the Otodom experts have checked, only 8 percent of ads from the capital's secondary market meet these conditions. These are flats on the outskirts of the city, in such districts as Białołęka (where the average price is PLN 9,382 per sqm) and Rembertów (PLN 8,630). Wesoła is also slightly above the limit, with an average price of PLN 9,737.
It is similar in other big cities. In Krakow, with a limit of PLN 7,937 per sqm, also only 8 percent of ads from the secondary market and 10 percent from the original one meets the requirements of the program.
