In mid-July, the Ministry of Development and Technology presented a new bill on A loan to get startedwith a plan for its implementation in mid-January 2025.
Although the program contains provisions designed to prevent price increases, Some experts, including the Ministry of Finance, believe that price increases are inevitable, as the newspaper recalls.
Limited availability of apartments
The Ministry of Family emphasized that the expected increase in real estate prices could still limit the availability of housingdue to the need for greater solvency. The National Bank of Poland and the finance, climate and justice ministries have also raised numerous objections to the project.
Experts on a Startup Loan
In turn, experts from Rednet Property Group have a different opinion. They believe that the new program will not only not increase housing prices, but will also will help to gradually stabilize them. According to analysts cited by “Puls Biznesu”, the current situation on the real estate market is significantly different from that which accompanied the introduction of the Safe 2% loan.
In the first half of 2023, just before the entry into force of BK2, fewer than 17,000 new apartments were sold in the seven largest Polish cities and their agglomerations. However, in the first half of this year this figure increased by 94%. There is now a large supply of new properties on the market, and in some cities prices have even started to fall. Thanks to the large new supply, developers have started to compete with each other, said Robert Chojnacki, founder of Rednet Property Group.
According to Sławomir Horbaczewski, a real estate market manager whose views were cited by “PB”, the ideal solution would be to renounce any aid programs or, alternatively, to quickly and clearly select specific solutions and then implement them consistently, which would ensure transparency in the market.
