Report on the government's bill amending the act on state aid in the purchase of a first home for young people adopted by the parliamentary sub-committee introduces a change, according to which financial support from the state budget will also be able available to buyers of apartments on the secondary market. This would, however, be a step in the wrong direction.
The idea behind the program Flat for the Young (MdM), through which young people, particularly young families, could have part of the cost of buying a flat covered by the state, it is the continuous expansion of housing resources. For this reason, the secondary market has been excluded from support under MdM from the beginning, which was clearly emphasized by the government during works on the program in 2012. There were profound reasons behind this decision
Primary market plays a key role not only in increasing the still very limited housing stock in our country, adding approx. 60 thousand residential premises a year. These are new apartments in new buildings, hence built and equipped from scratch. Clearly, this translates into the whole economy, providing jobs not only in the construction sector, but also in many other industries, generating demand for steel, concrete, finishing materials, furniture, appliances, and electronics. The cumulative effect is huge and not without reason this sector is a barometer of economic prosperity of every country. When the construction industry has problems it quickly translates into other sectors of the economy, causing a decline in production, loss of jobs and reduction in domestic consumption. Meanwhile, in the case of the secondary market, these effects are limited.
Given the above, it is clear that if financial support from the state to help young people buy their first apartment, then the money should be spent in a way that ensures the greatest possible benefits for the whole economy. These measures should be applied exclusively to purchasing property in the primary market. Therefore, we hope that this change will not gain acceptance by the parliamentary committee or an entire chamber at second reading.
Arkadiusz Pączka, Director of the Legislation Monitoring Centre of Employers of Poland