GodandBrown
19 Jul 2008
Real Estate / Mortgage prices and rates in Poland [28]
The credit market has become crazy for foreigners in Poland. To get a mortgage loan you need at least 40% own capital. You have to show your last six pay slips and there is a special risk factor for you what makes the interest rate higher. It prolongs your pay off period. On the one hand the rise of the zloty has to do with the good economy situation in Poland, but on the other hand it is policy to fight against the inflation. In my opinion it is a small bubble ready to be pricked.
The credit market has become crazy for foreigners in Poland. To get a mortgage loan you need at least 40% own capital. You have to show your last six pay slips and there is a special risk factor for you what makes the interest rate higher. It prolongs your pay off period. On the one hand the rise of the zloty has to do with the good economy situation in Poland, but on the other hand it is policy to fight against the inflation. In my opinion it is a small bubble ready to be pricked.