The interplay of income growth and housing prices: A decade of real restate dynamics in Poland’s largest cities
This study explores the relationship between income growth and housing prices in Poland’s seven largest cities from 2013 to 2024. Through statistical analysis, the research reveals a strong correlation between average gross wages, and both offer and transaction prices in the real estate market, conf...
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| Format: | Article |
| Language: | English |
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Sciendo
2025-03-01
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| Series: | Financial Internet Quarterly |
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| Online Access: | https://doi.org/10.2478/fiqf-2025-0007 |
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| author | Ryś Michał Ryś Maciej |
| author_facet | Ryś Michał Ryś Maciej |
| author_sort | Ryś Michał |
| collection | DOAJ |
| description | This study explores the relationship between income growth and housing prices in Poland’s seven largest cities from 2013 to 2024. Through statistical analysis, the research reveals a strong correlation between average gross wages, and both offer and transaction prices in the real estate market, confirming the hypothesis of a relationship between income growth and housing price increases. Despite economic fluctuations, the purchasing power of the average salary in real estate has remained remarkably stable. Moreover, the study introduces Premium and Buying Signal indicators, which can help identify market opportunities for buyers and investors by highlighting periods of undervaluation. These findings underscore and demonstrate the challenges of housing affordability in urban Poland and raise potential questions about the effectiveness of various social policies. The research offers interesting practical insights for policymakers and investors, emphasizing the need for continued monitoring and targeted interventions to ensure sustainable housing affordability. |
| format | Article |
| id | doaj-art-b25e0d6881cc481e8ca9d0a8cd23a429 |
| institution | DOAJ |
| issn | 2719-3454 |
| language | English |
| publishDate | 2025-03-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Financial Internet Quarterly |
| spelling | doaj-art-b25e0d6881cc481e8ca9d0a8cd23a4292025-08-20T03:06:25ZengSciendoFinancial Internet Quarterly2719-34542025-03-012119410410.2478/fiqf-2025-0007The interplay of income growth and housing prices: A decade of real restate dynamics in Poland’s largest citiesRyś Michał0Ryś Maciej1AGH University of Science and Technology, Krakow, PolandUniversity of Information Technology and Management in Rzeszow, PolandThis study explores the relationship between income growth and housing prices in Poland’s seven largest cities from 2013 to 2024. Through statistical analysis, the research reveals a strong correlation between average gross wages, and both offer and transaction prices in the real estate market, confirming the hypothesis of a relationship between income growth and housing price increases. Despite economic fluctuations, the purchasing power of the average salary in real estate has remained remarkably stable. Moreover, the study introduces Premium and Buying Signal indicators, which can help identify market opportunities for buyers and investors by highlighting periods of undervaluation. These findings underscore and demonstrate the challenges of housing affordability in urban Poland and raise potential questions about the effectiveness of various social policies. The research offers interesting practical insights for policymakers and investors, emphasizing the need for continued monitoring and targeted interventions to ensure sustainable housing affordability.https://doi.org/10.2478/fiqf-2025-0007housing affordabilityurban economicsincome and housing priceshomeownershippolish real estate marketo18o10r20r21r30r31 |
| spellingShingle | Ryś Michał Ryś Maciej The interplay of income growth and housing prices: A decade of real restate dynamics in Poland’s largest cities Financial Internet Quarterly housing affordability urban economics income and housing prices homeownership polish real estate market o18 o10 r20 r21 r30 r31 |
| title | The interplay of income growth and housing prices: A decade of real restate dynamics in Poland’s largest cities |
| title_full | The interplay of income growth and housing prices: A decade of real restate dynamics in Poland’s largest cities |
| title_fullStr | The interplay of income growth and housing prices: A decade of real restate dynamics in Poland’s largest cities |
| title_full_unstemmed | The interplay of income growth and housing prices: A decade of real restate dynamics in Poland’s largest cities |
| title_short | The interplay of income growth and housing prices: A decade of real restate dynamics in Poland’s largest cities |
| title_sort | interplay of income growth and housing prices a decade of real restate dynamics in poland s largest cities |
| topic | housing affordability urban economics income and housing prices homeownership polish real estate market o18 o10 r20 r21 r30 r31 |
| url | https://doi.org/10.2478/fiqf-2025-0007 |
| work_keys_str_mv | AT rysmichał theinterplayofincomegrowthandhousingpricesadecadeofrealrestatedynamicsinpolandslargestcities AT rysmaciej theinterplayofincomegrowthandhousingpricesadecadeofrealrestatedynamicsinpolandslargestcities AT rysmichał interplayofincomegrowthandhousingpricesadecadeofrealrestatedynamicsinpolandslargestcities AT rysmaciej interplayofincomegrowthandhousingpricesadecadeofrealrestatedynamicsinpolandslargestcities |