Funding boost for Apartments for the Young scheme

The total amount of additional funding allocated by the state budget and to be paid out within four years comes to PLN 261.6 mln. BGK itself is providing 11,490 applicants with additional financing to top up their own contributions. An application has recently been made for such a grant in 2017 for the first time. The banks involved in the scheme have so far concluded 9,766 loan agreements with a total value in excess of PLN 1.77 bln. The most applications were submitted by residents of the Pomerania (1,998 applications), Masovia (1,926) and Wielkopolska (1,825) provinces. The fewest applications for governmental support were submitted in Opole region (118 applications). The apartments purchased under the programme are mainly in the popular segment with an average area of 53.38 sqm. The ‘Apartments for the Young’ programme also provides for the purchase of detached houses with average sizes so far of 83.97 sqm.