The government-subsidised mortgages for the purchase of the first home will cost the state budget less than PLN 1 billion (EUR 225 million) this year, but the cost will increase to PLN 1.5 billion (EUR 340 million) in the following years, a deputy finance minister has said.
Artur Sobon said he expected that this year about 50,000 mortgages would be granted under the government’s “Safe Mortgage” programme.
“The money is guaranteed,” he said.
The cost for the state budget “is slightly less than PLN 1 billion (EUR 225 million) this year and in the coming years it will be up to PLN 1.5 billion (EUR 340 million),” he said.
The state-subsidised housing loans with a fixed 2% interest rate have been available since July 3.
Eligible for the programme are homebuyers under 45 who have never owned a flat or other residential property.
The loan amount is capped at PLN 500,000 (EUR 112,775), with a PLN 600,000 (EUR 135,330) option for married couples and those who have at least one child.
State subsidies for the loans will extend over a period of 10 years. (PAP/Business World Magazine)