The Role of Mortgage Loans in Financing Housing Investments in Poland

International Business Development: Globalization, Opportunities, Challenges, International Business School at Vilnius University, 2008, ISBN 978-9955-879-06-0, pp. 297-310

13 Pages Posted: 28 Feb 2013 Last revised: 19 May 2015

See all articles by Jerzy Gwizdała

Jerzy Gwizdała

University of Gdańsk - Faculty of Management

Sebastian Susmarski

University of Gdansk

Date Written: 2008

Abstract

In highly developed countries the state of the building industry and real estate trade is a determinant of the condition of the national economy and the population’s welfare. Housing investments ,including both the construction of new houses and flats as well as the modernisation of old housing substance ,are a flywheel of the whole economy and a factor stabilizing economic prosperity. And one of the basic conditions for the real estate market development is the expansion of a specialized financial sector able to fund such a market.A thriving market of housing and mortgage loans is the basic circumstance for the existence of a flexible ,therefore relatively efficient real estate market. The last years witness an increasing amount of loans in the financing of housing investments. The significance of mortgage banks will gradually increase on the housing loans market. However universal banks will still be the main player on the market of housing investments.

Keywords: mortgage, loans, investments, Poland

JEL Classification: G21, A10, G30

Suggested Citation

Gwizdała, Jerzy and Susmarski, Sebastian, The Role of Mortgage Loans in Financing Housing Investments in Poland (2008). International Business Development: Globalization, Opportunities, Challenges, International Business School at Vilnius University, 2008, ISBN 978-9955-879-06-0, pp. 297-310 , Available at SSRN: https://ssrn.com/abstract=2225854

Jerzy Gwizdała (Contact Author)

University of Gdańsk - Faculty of Management ( email )

ul. Armii Krajowej 101, 81-824, Sopot
ul. Bażyńskiego 1A
Gdańsk, pomorskie 80-952
Poland

Sebastian Susmarski

University of Gdansk ( email )

80-309 Gdańsk

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