It came to my attention that more and more young people in Poland are taking out mortgage loans. For decades, Polish people did not feel comfortable in borrowing money. Today things have changed and it looks that this phenomenon will continue to be present. Many experts have mixed opinions when it comes to the causes of increased number of mortgage loans taken. It is worthwhile to know what is the reason of such a trend. In order to do that we have to take a look at the background of this country.
Historic Background
Mortgage loans often called kredyt hipoteczny were perceived as a bad thing among Polish people. This has changed once Poland joined European Union in 2004. Since then, people in this country felt more comfortable taking out such a loan. The reason for it could be the influence of the West on this country.
The other thing that comes to my mind is the globalization and cultural change in this country. Since the borders of Poland were open for international trade in 2004, more and more young Polish people started working abroad. There, they were able to interact within different cultures which had an impact on them. Many experts believe that this could be the very reason why we see more mortgage loans taken. More young couples are getting married at earlier age. In turn, they are taking out more mortgage loans. They use so called kalkulator kredytowy which is equivalent of nothing else but mortgage calculator to calculate the most important aspects of the loan. There is also one specific loan program sponsored by the government that targets newly married young couples. It is called rodzina na swoim and it is given to newly married couples who are looking for a home loan. The unfortunate thing is that this program comes to an end in 2012.