Strategies for Financing the Housing Needs of Young Poles

Abstract

The purpose of the article. Housing issues are the foundation of every economic system and they are frequently the subject of public debate. Young people are among the most interested participants of the residential real estate market, as they are just creating the framework of their future professional and private life. The aim of this publication is to identify the diversity of strategies for financing housing needs of young Poles as well as to assess the significance of factors influencing preferences in this area. To achieve this goal, the article formulates a research hypothesis stating that mortgage loans constitute the primary source of financing for housing purchases among young Poles. In order to verify this hypothesis a survey and statistical data analysis tools were used.Methodology. The analysis was conducted on the basis of data collected through a scientific study in the form of a survey entitled “Strategies for financing housing needs among young Poles” containing single-choice and multiple-choice closed-ended questions. The study was conducted on a sample of 200 people using the CAWI method.Results of the research. The analysis of the study results showed that the vast majority of respondents believe that it is not easy for young people to finance the purchase of a residential property. However, most of them intend to acquire their own one by the age of 35.