PLN 500 mln spent under mortgage subsidy program

The total value of subsidies granted under the mortgage subsidy program Apartments for the Youth stood at PLN 499.98 million at the end of May, state-owned lender Bank Gospodarstwa Krajowego announced.  The sum was spent on the acquisition of 21,654 apartments and houses. The average total space per unit totaled 53.12 sqm in the case of flats and 84.92 sqm in the case of houses. The Apartments for the Youth program was launched in 2014 and replaced the "Family on its Own" mortgage subsidy program, which expired at the end of 2012.