Confederate press conference attended by Deputy Marshal of the Parliament Krzysztof Bosak and Roman Łazarski, on 12 August 2024.
Krzysztof Bosak:
– We want to mention to the government's plans to introduce the alleged 0% credit, presented to the public now as “Location on Start”.
This is simply a programme that raises very common, serious and legitimate concerns that it will lead to further increases in housing prices. These concerns are addressed by both real property observers, analysts, investors. Unofficially, developers themselves are pleased with this and the erstwhile program introduced by the PiS government admit as the biggest gift that happened to them, possibly in the past of the Polish real property market. These concerns are besides published by the National Bank of Poland and even the Ministry of Finance. So we're dealing, you might say, with common criticism.
On the another hand, 9 months after taking power and starting preparations for this promise, due to the fact that it was an electoral promise of the Civic Platform, we inactive do not know precisely what form this task will have. So this task in the imagination of marketplace participants works, he according to these announcements that he will enter from 1 January 2025, raises housing prices, conquers inflationary expectations shaped and by sellers, and by possible buyers and borrowers.
On the another hand, this spiral of doubt, how it will look, what its effect will be, is not cut. This is simply a harmful situation, it is simply a harmful action, and it is worth criticising this program.
Except that we We don't know precisely how this program will work., We're inactive relying on all kinds of speculation. We have something we can learn from, namely, introduced by Minister Buda and the government of Mateusz Morawiecki “Safe lending 2%” programme, which has proved to be possibly safe for Minister Buda, who is presently a euro-deputy, proved to be dangerous for the full Polish property marketand. He caused it. two-digit real property price increases, practically during the year, in all major cities in Poland!
Minor examples: in the Tricity of the property went by 27% up, in Krakow by 24%, in Warsaw by 23%. From the point of view of people who are reasoning of buying their apartment, this is simply a disaster. Of course, any people have taken this credit, while we gotta think not about part, but about the whole.
We are dealing with a negative phenomenon of property pricing, a failure of creditworthiness in relation to this price cap, which is increasingly higher all year, from a large part of the population, especially young people, young families. And these pointful, propaganda solutions, like PiS or now Platform, don't solve this problem.
The second problem is that we now have the highest interest rate loans in Europe. And besides this issue of the full credit marketplace by this bill will not be solved! This bill announces only 3 tranches, a full of 60,000 credits to be subsequently repaid for another 10 years and costs 20 billion. Which means The payer is expected to contribute 20 billion to 3 tranches, which will be distributed in 3 quarters. Well, you don't should be any economical genius to foretell that in those quarters, erstwhile there's those payments and those deals, and in the run-up time that's already going on, and the following, We'll have a price shot on the market..
Unfortunately, the real property marketplace has specified a specificity that prices erstwhile raised, even in general the phenomenon of price viscosity – who is curious in economics, knows what we are talking about – prices are reluctant to fall at all. erstwhile raised, reluctantly falling. And in this situation, the government wants to give us $20 billion for 10 years, and so at the expense of subsequent governments, if the Platform, the Left, the PSL and Poland 2050 were to be removed from power, we would inactive be paying it back for another decade. 20 billion to pay for 3 quarters of sixty 1000 people.
And what kind of extra is this? The analysis of the data for Minister Buda's program shows that 40% of the people who benefited from the “Safe 2% loan” had creditworthiness anyway! From real property data, the credit marketplace knows that the number of credit agreements concluded increases. We do not have a real property crisis at the moment, which means that no 1 takes credit. Credits are offered by banks a lot, people take these credits more and more. We have a problem with insufficient housing where people want to live! And we in our programme, the Confederation, responded to this supply problem: how to make it easier for investors, velocity up the investment process and facilitate housing. alternatively of facilitating the investment process, freeing up the land, lowering taxation, the government does the opposite, i.e. it will lead to an increase not only in property prices, but of course it will besides consequence in an increase in prices in the construction materials and services market.
It is besides worth noting that both erstwhile and current loans are besides addressed to foreigners. Question, What business do we gotta pay billions of people from abroad to buy real property in Poland? After all, if foreigners were to be excluded from this loan, the prices of the property would besides be at least slower, a small slower. We know that 2/3 of the foreigners who entered into contracts subsidised by the Law and Justice government were Ukrainians. Again, what interest does Polish society and Polish payer gotta subsidize foreigners' acquisition of real property in Poland? due to the fact that that's precisely what this program is about.
This is simply a strategy of subsidizing the acquisition of real property by a group – and not the poorest, due to the fact that the income thresholds laid down in this credit, which we are proceeding about at the moment, are not rather suspended high. These are questions we don't know the answers to.
It all looks beautiful weird, that's why. We'll ask the Central Anti-corruption Bureau to analyse this case to see if the improvement manufacture and the banking sector had any unauthorized contacts with the government.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A large number of voters are afraid of this credit, due to the fact that it is likely that it will not catch on it itself, and on the another hand We'll all be left with advanced real property prices.
Roman Lazarus:
– The question of whose interests this bill is. Just realize that is a bill that guarantees a certain amount of remuneration to banks. This is simply a warrant of remuneration for banks, so this business is clear here. And it is not the business of average citizens from their pockets that they will gotta draw money for it. ...
