Evaluation of the Mortgage Market in Poland during the Crisis Period of 2008–2009
The global financial crisis was a very big challenge especially for banking sector. We can say that the young Polish financial sector managed with satisfaction this challenge without many problems which troubled banking environment elsewhere in Europe. Article says that in 2009, the real estate fina...
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| Format: | Article |
| Language: | English |
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VIZJA University
2010-12-01
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| Series: | Contemporary Economics |
| Online Access: | http://ce.vizja.pl/en/download-pdf/id/180 |
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| _version_ | 1849764353324089344 |
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| author | Leszek Borowiec |
| author_facet | Leszek Borowiec |
| author_sort | Leszek Borowiec |
| collection | DOAJ |
| description | The global financial crisis was a very big challenge especially for banking sector. We can say that the young Polish financial sector managed with satisfaction this challenge without many problems which troubled banking environment elsewhere in Europe. Article says that in 2009, the real estate financing market has passed credibility test during the economic slowdown. Even though banks share credit fell to the level from 2006, in whole 2009 consistently were increased sales housing loans banks. Introduced many restrictions on access to credit (increased profit margins, higher requirements for obtaining credits, additional security). Throughout 2009 banks gradually were rebuilding the level of lending, which resulted from well known government program „Family strike out on theirs own” which could have been found in banks offers. |
| format | Article |
| id | doaj-art-be6ad78e4c3a42eeaf4600da385a98fe |
| institution | DOAJ |
| issn | 2084-0845 |
| language | English |
| publishDate | 2010-12-01 |
| publisher | VIZJA University |
| record_format | Article |
| series | Contemporary Economics |
| spelling | doaj-art-be6ad78e4c3a42eeaf4600da385a98fe2025-08-20T03:05:09ZengVIZJA UniversityContemporary Economics2084-08452010-12-01441291Evaluation of the Mortgage Market in Poland during the Crisis Period of 2008–2009Leszek BorowiecThe global financial crisis was a very big challenge especially for banking sector. We can say that the young Polish financial sector managed with satisfaction this challenge without many problems which troubled banking environment elsewhere in Europe. Article says that in 2009, the real estate financing market has passed credibility test during the economic slowdown. Even though banks share credit fell to the level from 2006, in whole 2009 consistently were increased sales housing loans banks. Introduced many restrictions on access to credit (increased profit margins, higher requirements for obtaining credits, additional security). Throughout 2009 banks gradually were rebuilding the level of lending, which resulted from well known government program „Family strike out on theirs own” which could have been found in banks offers.http://ce.vizja.pl/en/download-pdf/id/180 |
| spellingShingle | Leszek Borowiec Evaluation of the Mortgage Market in Poland during the Crisis Period of 2008–2009 Contemporary Economics |
| title | Evaluation of the Mortgage Market in Poland during the Crisis Period of 2008–2009 |
| title_full | Evaluation of the Mortgage Market in Poland during the Crisis Period of 2008–2009 |
| title_fullStr | Evaluation of the Mortgage Market in Poland during the Crisis Period of 2008–2009 |
| title_full_unstemmed | Evaluation of the Mortgage Market in Poland during the Crisis Period of 2008–2009 |
| title_short | Evaluation of the Mortgage Market in Poland during the Crisis Period of 2008–2009 |
| title_sort | evaluation of the mortgage market in poland during the crisis period of 2008 2009 |
| url | http://ce.vizja.pl/en/download-pdf/id/180 |
| work_keys_str_mv | AT leszekborowiec evaluationofthemortgagemarketinpolandduringthecrisisperiodof20082009 |