Theoretical assumptions and foreign experience may - in the nearest future - become a vital indication of the direction of mortgage market development in Poland. It is crucial, however, to concentrate on regulating and improving macroeconomic and legal environment in Poland in order to guarantee the highest possible effectiveness of the solutions applied, whether they are based on American, German or a hybrid model. The difficulties related to registering entries should disappear due to regulating and computerising the system of land and mortgage register and to introduction of land debt. The increase in mortgage efficiency as a security will guarantee a high quality of trade in the real estate market. An introduction of other instruments and solutions, such as a suppression of the loan limit for the new tax allowances, the amendment to the Tenant Protection Act, introduction of the programme of preferential loans, engaging more capital and people in the construction sector and development of adequate legal regulations will lead in the future to a strong development of the construction sector.

Risk reduction and taking it over by intermediaries and investors could allow an increase in accessibility of funds for loan financing and would lower the costs of raising capital, which would lower financial burden related to granted loans. Moreover, the distribution of risk among a larger number of entities will lead to lower capital burden and lower susceptibility to negative changes in the economic climate in the economy as a whole and in the sector. Looking a decade or two ahead, it will be necessary to make use of long-term sources of loan refinancing. This may be achieved via the sale of blocks of mortgage debts to specialised institutions, which will undertake its transformation into liquid securities.

The demand for mortgage-secured debt instruments may also influence the development of mortgage market in Poland. Liquidity, profitability, security and ratings granted by independent agencies will play a crucial role here.

From the issuers' point of view, costs are a vital element, including the costs of making the securities available to public, the establishment of a special-purpose company, the management costs, the costs of organisational restructuring of the bank, training employees, technical costs (IT and maintenance costs) as well as the costs of hiring third-party companies, building a homogeneous portfolio of receivables, marketing and promotion, introduction of securities to the market - including prospectus and abbreviated prospectus publication costs.