Bezpieczny kredyt 2% oraz konto mieszkaniowe jako nowe instrumenty polityki mieszkaniowej w Polsce

The article provides an overview of the First Home Programme which entered into force in Poland on 1 July 2023. This programme consists of two main new housing policy instruments. The first one is the 2% Safe Mortgage, i.e., a system of subsidies for a loan for the purchase of one’s first flat or house. The 2% Safe Mortgage is a standard mortgage provided by commercial banks. However, the difference is a subsidy from the state for the first 120 instalments of the mortgage (10 years). The second instrument is the Home Savings Account – an opportunity to save meant for people from the age of 13 to 45 who are planning to buy their first flat or house, with a bonus from the state. Taking into consideration the implementation of these instruments, the following research question is verified: if and how the 2% Safe Mortgage and Home Savings Account stimulate the Polish housing real estate market and banking sector. As the analysis shows that both these instruments have divergent effects, the final section discusses recommendations for a contemporary Polish housing policy