In 2017, 2,314 subsidies were approved, last year 2,972, subsidies values agreed were reduced from 178 to 168 million kuna.

In the framework of the government mortgage subsidy program, a total of 5,286 subsidies were approved for citizens over the past two years, with an increase in their number last year compared to 2017. According to data from the State APN on the implementation of the mortgage subsidy program, after 2,314 subsidies approved in 2017, their number increased by 28% to 2,972 last year, as reported in the recently published HNB analysis.

In both years, the majority of approved subsidies were for apartment purchases. However, HNB analysts point out that the total approved mortgage subsidy value for the entire payment period of subsidies last year decreased.

Whereas the sum of subsidies for 2017 was 178 million kuna, the sum of mortgage subsidies for last year's approvals reaches 168 million kuna. The decrease in the total agreed value of subsidies is in line with a noticeable increase in the number of approved subsidies and extended repayment periods of subsidies. This is a result of changes to the rules that define the value of the paid subsidy. The 2018 amendments to the Act on Subsidizing Mortgages established that the value of the subsidy would depend on the development index of local self-government units on which the property is purchased or built. After the adoption of these amendments, eastern Croatia and Lika, as the regions with the lowest development index, had the most significant increase in the percentage of subsidized mortgages. However, their number remains the highest in the most developed local units, HNB notes.

source: poslovni.hr

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