A student residence

A mortgage taken out under this programme will have a longer grace period (i.e. students will pay reduced instalments until they finish their studies). "This will make it possible for students to save money compared to the cost of renting an apartment," claims Robert Ziółek, the general director of Dolcan. In the initial period (until the student finishes his or her studies) the cost of a PLN 250,000 mortgage will amount to app. PLN 1,200 per month - lower than the cost of renting a whole flat and comparable to renting a room. Another advantage of Dolcan's offer is that it is to be available to students who apply for it with the backing of a third party (e.g. a parent) in order to prove their ability to repay the debt. "It is a common problem nowadays. When a mortgage is taken out that is to be backed by the parents, banks require the apartments to be the property of the parents rather than the student," points out Robert Ziółek. Warsaw is the city with the highest number of studen