On June 5, 2025, the government officially announced that it was abandoning the “First Keys” program, which was supposed to be the successor to the “Safe 2% Loan” program. Deputy Prime Minister Władysław Kosiniak-Kamysz announced that the funds previously earmarked for mortgage subsidies would be redirected to local governments for the development of social housing. This decision significantly changes the balance of power in the housing market.

End of support in the form of subsidies

Government programs supporting the purchase of apartments through preferential loans are no longer valid. “First Keys,” which was supposed to introduce zero interest rates for first-time homebuyers, will not be implemented. As announced by the government, instead of supporting individual borrowers, the state wants to invest in the housing stock of municipalities, increasing the availability of rental housing in the social model.

What could be the consequences for the market?

For many people planning to buy a home with a loan, the decision to abandon subsidies means that they will have to recalculate their financial capabilities under the current banking conditions. In May 2025, the average loan amount requested was PLN 467,600, and the number of loan inquiries increased by 43% y/y (BIK data). This means that despite the lack of new support programs, interest in purchasing is not waning. However, the lack of subsidies may reduce demand pressure, which in the long term is likely to maintain the trend of price stabilization on the market.

What forms of support are still in place?

For those seeking support, the following mechanisms remain in place:

  • Family Housing Loan – with the possibility of partial remission if a child is born into the family,
  • Housing Account – a program that rewards systematic saving for the purchase of a first property.

Both solutions are in place, but they have limited scope and are not a full-fledged alternative to universal subsidies.

The discontinuation of the “First Keys” program ends the stage of state support for the purchase of apartments through loan subsidies. The focus is now on social housing, the effects of which will only be visible in the long term. For those planning to buy a home, the most important thing today is a conscious approach to financing – based on an analysis of creditworthiness, available instruments, and market realities, rather than waiting for the next government program.