Housing Prices Set to Plummet
14:34
Housing prices are about to drop as Poles realize 0 percent mortgage won't be available. On Sunday evening, one potential buyer informed a developer of their decision to cancel a reservation, despite the contract being set for Monday. The developer's reaction was one of disbelief: "What? Are you joking?"
Meanwhile, the Development Coalition, a satirical profile on X (formerly Twitter), severed ties with the political party Poland 2050, blaming its leader Szymon Hołownia. His firm stance against additional mortgage subsidies has made it clear that housing prices will decrease, possibly even this year.
The Coalition is not a serious industry association, but rather a parody account criticizing Poland's housing policies. However, the text is serious, as recent events have shifted the housing market's direction. Sejm Marshal Szymon Hołownia, leader of the coalition party Poland 2050, publicly and firmly opposed further mortgage subsidies, echoing sentiments recently voiced by the Left: "NO TO MORE MORTGAGE SUBSIDIES."
This development means that what has been suspected for weeks will soon become official: Prime Minister Donald Tusk will have to abandon the 0% mortgage idea, likely to his relief.
(bizblog)
