Język Polski
English
Real estate and the financial sector in Poland
Jacek Łaszek
Abstract
This article focuses on the relationship between the housing market and the banking system. The financing of the real estate market, especially that of the housing market is based on the banking system. Such a situation resulted partly from political reasons and can be found in many countries. Because in Poland owner occupied housing is supported by housing policy and also with tax incentives, it grew and became very important for the financial sector. The central bank on the other hand, has a significant impact on the financial system and on the housing market by setting interest rates. This article therefore presents the evolution of the financing of real estate and shows how the central bank influences the market. Moreover, issues related to foreign denominated loans are discussed.
Keywords:
real estate market, financial sector, capital market instruments, mortgage, real estate market financingMost read articles by the same author(s)
- Hanna Augustyniak, Jacek Łaszek, Krzysztof Olszewski, Marta Widłak, Residential real estate policy and the regulatory environment of the residential real estate sector , Safe Bank: Vol. 53 No. 4 (2013): Bezpieczny Bank
- Jacek Łaszek, The development and financing of the real estate sector in Poland , Safe Bank: Vol. 53 No. 4 (2013): Bezpieczny Bank
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- Jacek Łaszek, A model-based approach to the real estate market , Safe Bank: Vol. 53 No. 4 (2013): Bezpieczny Bank
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