New housing prices and loan spreads are rising
Generally, people with above-average incomes can count on a lower margin. Borrowers who have the resources for own contribution also have a chance for more favorable conditions. The higher the cost of credit, the lower it will be.
New apartments are competitively priced in comparison
with premises from the secondary market. In addition, many promotions can be found in the developers’ offers. Bonuses are offered not only in the form of discounts, but also various types of promotional packages, including, for example, a free garage, kitchen furniture, or annual rent. Increasingly, the apartment can be bought with a finish.
Purchasing a finished flat is a great help for customers. That is why in our promotional program Family on the finished Alpha estate in Warsaw’s we offer a finish in the price of the flat. For example, a three-room, 55-meter turnkey flat is available for purchase at USD 6,820 / sq m. In our next investments, we will focus primarily on the quality of apartments and prepare finished premises, because such is the demand of our clients. Of course, buyers will have the opportunity to choose an apartment with or without finishing.
This district has recently received the palm of Wola’s priority. Białołęka is also in the top three capital districts with the largest development offer. However, only in Mokotów does the number of apartments on the primary market offer exceed 2 thousand. The number of flats is decreasing. As Emmerson reports, three months ago, over two thousand flats were available for purchase in at least three Warsaw districts.
Loans become more expensive
At the moment, many people are buying flats who invest their savings in real estate. In addition, the purchase is also decided by people who want to escape the need to pay 5 percent of their own deposit for the new loan from the new year. 100% of many banks are lending the value of the flat. However, as analysts point out, banks are gradually increasing the margins and fees associated with granting mortgage loans.
To get attractive credit terms, reduce your margin and commission, use the promotional offer. This is due to the need to use additional financial products. By default, you need to set up an account that will be affected by your monthly salary and obtain a card. It is often required to take out life and unemployment insurance as well as investment products.