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Poland's renting fixer-upper incentive aims to solve housing crisis

DW News · 1 month ago
DW News
DW News
1 month ago

Poland is offering discounted rent to people willing to renovate apartments in need of repairs. The measures are meant to ease pressure on the overpriced housing market.

Breakdown
  • Poland's 'Renovate to Rent' program offers cheap rent to tenants willing to refurbish neglected apartments themselves. 5s
  • Demand for the program is high, with more applicants than available apartments, and family size is a factor in tenant selection. 40s
  • Rising property and rental prices, especially in cities like Krakow, have made housing unaffordable for many young people. 2m 2s
  • Tenants invest significant sums into renovations, sometimes waiting years for an apartment, but benefit from lower-than-market rents. 3m 8s
  • Officials describe the program as beneficial for both residents and cities, and it is seen as a potential model for other regions facing housing shortages. 3m 40s