New subsidies for young couples. Up to 50,000 PLN!

Government launches new support programme for young married couples who include subsidies even to PLN 50,000 to buy the first apartment. This unprecedented support aims to aid you realize your ‘M’ dreams in hard times of advanced real property prices. For many couples who will shortly stand on a wedding carpet, this is simply a real chance to start surviving together in a dream home or apartment. Who can benefit from the program, what are the rules and how will the property marketplace be affected? Read why you should be curious in this proposal and what the benefits can be.

Young matrimony Program – what is it?

Under the fresh government programme subsidies to acquisition the first flat were designed for Young Marriageswhich take the first steps in the real property market. The aid may be from PLN 10,000 to even PLN 50,000, subject to certain conditions. The initiative aims to Increasing housing availability for young people who, despite unchangeable incomes, are incapable to cover the full acquisition costs of the property in the face of rising prices. It is worth noting that the strategy is not only limited to larger cities – subsidies besides apply to smaller towns where housing prices are comparatively lower but inactive represent a large expense.

Who can benefit from the surcharge?

The programme is addressed to Young Marriages (both newlyweds and couples who are married for no more than 5 years) whose full income does not exceed a certain limit. Under the fresh guidelines, net income per person may not be higher than PLN 6 000 for residents of provincial cities and PLN 5 000 for persons surviving in smaller towns. Payments shall be granted for acquisition first apartment (in this case, up to 75 m2 of dwellings) are afraid with both the primary and secondary markets. The spouses may submit applications during the 2 years after marriageWhich gives them a chance to take advantage of this aid in the first years after marriage.

What are the details of the program?

The basic principles of the Youth matrimony strategy include:

• The aid may be granted from PLN 10,000 au PLN 50,000, depending on the amount of income and the price of the apartment.
• The strategy shall apply to persons who have married not earlier than 5 years ago.
• The spouses must comply with income requirements and another criteria, including having a first apartment.
• The aid will be granted in the form of non-refundable aid and the funds will be paid straight to the bank which granted the mortgage debt for the acquisition of the property.
• The strategy is to be available throughout the country, but the maximum amount may vary depending on the location and value of the property.

Why can the program be a breakthrough?

The strategy for young couples is response to rising housing priceswhich, in fresh years, have become a barrier to many young people. Despite the increasing number of housing offers in the market, real property prices in large cities specified as Warsaw, Kraków, Wrocław is GdanskThey're inactive very high. Aid of up to PLN 50,000 can make the perfect ‘four angles’ more accessible to many couples. In addition, the program aims to supporting families and promoting the acquisition of housing, not rent, which has a beneficial impact on the future improvement of the real property marketplace in Poland.

What are the concerns and controversy about the programme?

Although the fresh programme has met with a affirmative reception, there is no shortage of critical voices. Adversaries note that the programme may lead to excessive emergence in housing prices in cities, especially where request for real property is increased by additional financial support. There is besides a concern that young couples, utilizing subsidies, will be willing to Overstretch your finances and indebted for long years, which in the long word may lead to problems with the repayment of credit. There are besides doubts as to whether the program will actually aid those who request it the most, or alternatively those with higher incomes who could afford to buy an apartment.

The strategy of payments for young couples is an crucial step towards support for young peopleWho dream of their own apartment. With aid up to PLN 50,000 it will be possible to reduce the financial burden associated with the acquisition of the first property. Although the program is controversial, it may turn out to be a breakthrough solution for many couples in Poland who face the challenge of advanced property prices. However, it is crucial to be careful and carefully analyse your financial situation before deciding to usage this support.