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