Despite the banks’ requirement obliging home buyers to put down a high deposit, they can still obtain a mortgage loan for 100% of the new apartment’s value. This regards properties from the so-called sector of popular apartments offered by such developers as e.g. J.W. Construction.
“This is the last chance to obtain a 100% mortgage loan before the KNF (Polish Financial Supervision Authority) recommendation is implemented. I believe that this is the last opportunity to buy an apartment for a number of Poles who do not have cash. It is better to make the decision about buying an apartment as soon as possible rather than wait for the market situation to change”, recommends Józef Wojciechowski, Chairman of the Supervisory Board of J.W. Construction Holding S.A.
The competitive prices of real properties offered by developers operating in the sector of popular apartments still carry lesser credit risk. As a consequence, banks are still willing to grant a loan for 100% of the value of such apartments.
This is exemplified by apartments available in investment projects carried out by J.W. Construction. According to one of the banks, the estimated monthly instalment for a 2-room apartment worth PLN 260,000, located in Lewandów Park housing estate, is about PLN 1,200, and if a client chooses an apartment within the Górczewska Street investment project, whose value is PLN 410,347, he will be able to repay the loan in instalments starting from ca.PLN 1,900.*
* Principal and interest fixed instalments for the above-mentioned amounts in the case of a 100% loan in CHF. Both calculations apply to a 40-year loan repayment period.

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J.W. Construction Holding S.A. is the largest Polish apartment developer, operating mainly in Warsaw but also in Łódź, Gdynia and abroad. The company is the leader on the Warsaw apartment market, where it has been conducting development activity since 1994. Apart from development projects, the company deals with construction business, being the general contractor for most of the investment projects. J.W. Construction is the owner and operator of Hotel 500 chain, which consists of 5 hotels: in Zegrze, Stryków, Tarnowo Podgórne, Cieszyn and Święta Lipka. On June 4, 2007, the company was quoted for the first time on the Warsaw Stock Exchange. In 2007, J.W. Construction made a net profit of PLN 148.1 million and had PLN 781.1 in revenues.