According to a report by the website RynekPierwotny.pl, which analyzes the housing market from the perspective of a single person, collecting 20% is much more advantageous than renting. own contribution and buying an apartment on credit. It is almost impossible to rent a two-room apartment for an amount that will not make a huge difference in the budget. As pointed out by Marek Wielgo from the website RynekPierwotny.pl, “an average earning single person (PLN 9.9 thousand gross per month, i.e. approximately PLN 7 thousand net) cannot rent a two-room apartment without exceeding the safe expenditure threshold. The median monthly rent in the capital for a two-room apartment is today approximately PLN 3.6 thousand, and for a studio apartment – approximately PLN 2.6 thousand.”
See also: Interest rate cuts have started to work. Housing loans are back in reach
Terrible “Bradshaw index” for singles in Warsaw
On the occasion of Singles' Day, which falls on Sunday, RynekPierwotny.pl experts analyzed the Polish housing market from the perspective of a single person. They were inspired by a study conducted by journalists from “The Economist”, who checked in which European cities an average-earning single in a given market could rent a one-bedroom apartment, or in Polish reality a two-room apartment – allocating a maximum of 30% for this purpose. their gross earnings, which was considered to be a limit ensuring relative financial comfort. They called this value the “Bradshaw Index”, after the heroine of the series “Sex and the City”.
The Economist's analysis of 39 largest European cities shows that only eight of them offer rents that are considered affordable in relation to local wages. These are: Bonn, Lyon, Bern, Brussels, Helsinki, Vienna, Luxembourg and Berlin.
See also: A family with a child and a below-average salary. And the banks say: there is a chance for an apartment!
According to an expert from the RynekPierwotny.pl portal, in the current economic reality, after a series of reductions in NBP interest rates and increased availability of mortgage loans, it is financially more advantageous than renting to collect your own contribution and buy a premises on credit.
“Firstly the monthly loan installment will then be lower than the rental rate, and secondly, by repaying the loan, the buyer systematically increases his wealth. When you pay the owner for the apartment, there is no more tenant property” – says Marek Wielgo.
The authors of the report emphasized that the creditworthiness of Poles has increased, and the cited data from the Credit Information Bureau show that more than one third of borrowers are single. The expert also drew attention to the fact that developers have recently been introducing apartments at moderate prices, designed with credit customers in mind. Data from the RynekMieszkaniowy.pl website show that single women and men can find an apartment for up to PLN 557,000. PLN in each of the largest metropolises.
