The interplay of income growth and housing prices: A decade of real restate dynamics in Poland’s largest cities

Ryś Michał () and Ryś Maciej ()
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Ryś Michał: AGH University of Science and Technology, Krakow, Poland
Ryś Maciej: University of Information Technology and Management in Rzeszow, Poland

Financial Internet Quarterly (formerly e-Finanse), 2025, vol. 21, issue 1, 94-104

Abstract: 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.

Keywords: Housing Affordability; Urban Economics; Income and Housing Prices; Homeownership; Polish Real Estate Market (search for similar items in EconPapers)
JEL-codes: O10 O18 R20 R21 R30 R31 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:finiqu:v:21:y:2025:i:1:p:94-104:n:1007

DOI: 10.2478/fiqf-2025-0007

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