The Sejm passed the act on the guaranteed housing loan, although the National Bank of Poland tried to dissuade the MPs from doing so. “Supporting housing purchases of people who do not have an adequate own contribution will create additional demand,” reads the letter addressed to politicians.
On Friday The Sejm passed a number of tax changes as part of the Polish Deal. Among the bills approved by the deputies there was also the one concerning state support for people applying for a loan for an apartment. However, as “Dziennik Gazeta Prawna” points out, Until the very last moment, Narodowy Bank Polski tried to influence the deputies to reject the new regulations.
“Supporting housing purchases of people who do not have an adequate own contribution will create additional demand” – warns the NBP in its letter. As representatives of the bank argue, it can raise the already high prices even more.
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Moreover, the NBP points out that the low availability of construction sites for developers is currently a major problem in the housing market. “From the point of view of solving problems with the availability of housing, measures aimed at increasing the supply of housing, especially for rent, seem advisable“- emphasized in the NBP letter.
“We should take into account the possibility of unintended consequences by the legislator in the form of weakening of the stability of the financial system in the long run,” warn the bank’s representatives.
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As we read on, it is being processed the act may make it difficult to react “in the event of an excessive increase in housing loans, which would threaten the emergence of the so-called price bubble”.
You can read more about it in “Dziennik Gazeta Prawna”.
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