Accessoriness of mortgage and the development of a European mortgage market. Considerations from the perspective of Polish law in view of the proposal of a non accessory Eurohypothec
the real estate market is one of the most important segments of the economy and its development depends on an efficient system of financing investments in real estate, in which a fundamental role is played by the banking sector. the main source of real estate financing are long term loans secured by real (proprietary) security rights on immovables, primarily mortgages. despite the standardised nature of mortgage credits offered by banks across europe, the degree of integration of national mortgage lending markets in the european union is low. this is the basis for formulating demands for the creation of a single european mortgage market and particular significance should be attributed to the proposal to adopt a "common mortgage for Europe" i.e. the Eurohypothec (also called Euromortgage)