Mieszkanie dla Młodych 2015 – what did the amendment change?

The disappointing results of the Mieszkanie dla Młodych (Flat for the Young) programme in 2014 and a wave of negative comments from the industry led to many amendments to the act, aimed at increasing both the number of potential borrowers and the residential floor space covered by the programme.

In 2014 the government programme Mieszkanie dla Młodych came into force, replacing the Rodzina na Swoim programme, under which, since 2007, nearly 200,000 loans had been granted on preferential terms. From the very beginning experts predicted that MdM had too many restrictions, which reduced its appeal compared with the previous programme. The programme was criticised, among other things, for:

• covering only properties from the primary market;
• covering only units with a very low price per 1 m², particularly in the largest cities, which meant that only a small percentage of flats could be sold on preferential terms;
• making it impossible to subsidise people who had previously owned a flat or house.

Changes to the MDM programme

Fortunately, the adoption of the amendment to the act on the Mieszkanie Dla Młodych programme, which came into force on 1 September, removed many barriers that had contributed to low interest in taking up the subsidy.

MDM limits in Katowice

MDM limits on the primary market in the largest Polish cities – Q4 2015

In Katowice, the Mieszkanie dla Młodych subsidy on the primary market covers only properties where the price per 1 m² is at most 4,773.45 PLN. This limit, set by the voivode, is one of the lowest in the whole country. The average price per 1 m² of flats in the capital of the Silesian Voivodeship is over 5 thousand PLN. The limit on the secondary market in Katowice, in turn, is 3,923.10 PLN per m2, which, with an average asking price of a little over 4 thousand PLN, increases the number of listings covered by the programme several times over.

Dreaming of buying your own house or a flat in Katowice? Get in touch with our specialists, who will gladly help you at every stage of the transaction!