Changes in Bank Tax: Lower Mortgage Margins and Increased Housing Accessibility
The draft law aims to reduce high mortgage interest margins in Poland by amending the tax on financial institutions. This could lead to lower loan installments and enable more families to purchase their own homes, stimulating the construction market and the economy.
Key points
Banks will pay a lower tax on mortgage loans with a margin up to 1%, but a higher tax on those with a higher margin, encouraging them to lower interest rates.
For a 600,000 PLN loan over 30 years, the monthly installment could decrease by approximately 635 PLN, with total savings of around 229,000 PLN.
Approximately 690,000 Polish households may gain creditworthiness, increasing housing accessibility and revitalizing the construction market.
Status:
In Progress
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