Having your own apartment is currently a real luxury. For example, the estimated price per square meter for Warsaw is PLN 16,390. There is a common belief that it is better to live on your own and pay off a loan than to rent and pay someone for a place to sleep. Is this really true? The current market situation proves that renting is not always bad.
Is it worth taking out a mortgage? It may pay off in the future
According to information from the rynekpierwotny.pl portal, cash transactions on the domestic real estate market constitute about 60 percent. If someone is unable to collect enough money, they collect only for their own contribution and take out a mortgage loan. Experts compare it to a long-term contract. However, it has its advantages.
– We have a property that increases in value in the long term. The loan is repaid, and the property can also be rented, sold or left for descendants in the future – explained Michał Cieślar, owner of the company Cieślar Nieruchomości in Bydgoszcz, in an interview with the portal pomorska.pl. Contrary to appearances, renting also has its advantages. It is a good option for people who cannot imagine being tied down by a long-term loan.
Buy or rent an apartment? Photo: Adam Stępień / Agencja Wyborcza.pl
Buy or rent an apartment? Expert says what Poles are waiting for
– Rentals are great for people who are not permanently tied to one place or who want a higher standard without investing larger amounts – added Cieślar. Depending on the standard and location, renting an apartment may turn out to be cheaper than . Despite this, there is a cult of ownership in Poland, which is why people want to have their own premises. – Most Poles prefer to own than rent. There are definitely fewer people willing to rent than a year ago. There are also fewer people willing to buy, due to the waiting for the government’s 0 percent program – said Paweł Korolko, owner of Gotyk Biuro Nieruchomości Toruń. According to the report “Rental 2030. Directions of development of apartment rental in Poland”, more and more people will rent apartments, not buy, precisely because of the rising prices and low availability of credit. If you’d like, please vote in our poll below.
Source: Gazeta
Bruce is a talented author and journalist with a passion for entertainment . He currently works as a writer at the 247 News Agency, where he has established himself as a respected voice in the industry.
