Minister of Construction and Physical Planning Predrag Štromar (Photo: HRT) Minister of Construction and Physical Planning Predrag Štromar (Photo: HRT)

This year, like last year, 12 banks will be taking part in the tender however interest rates will be lower. The lowest interest rate was offered by the Croatian Postal Bank, 2.19% for loans in Kuna and in Euros.

Minister Predrag Štromar said that by the end of next year it is expected that housing problems will be resolved for 20 thousand youth.

“As of September 10th, requests for subsidized loans will be submitted to the Agency for Real Estate. We have a list of banks, we have contracts with them and younger people now have a month's time to choose their credit institution, find their real estate, apartment, house, or get a building permit to build a house,” said Štromar.

Source: HRT