Poland has one of the fastest-growing rental costs in the EU, with rents increasing by 66.5% over the past decade, placing it fifth in Europe. Rising wages have not kept pace with property prices, particularly in large cities like Warsaw, where buying a home is increasingly difficult. Economist Geoffrey Ditta’s study shows that home prices across the EU, UK, and Norway have surged since 2013, outstripping inflation and wages, making homeownership a distant dream for many.

In Poland, renting consumes over 30% of income for half of city residents, reaching 48% in Warsaw. Additionally, 35% of Poles face a "rental gap," unable to afford rent or purchase yet earning too much for government aid.

(300gospodarka.pl)


More News

lifestyle

LifeStyle
6 days ago

Robert De Niro, Chef Nobu Matsuhisa and Meir Teper host event in Warsaw’s Nobu Hotel

LifeStyle
9 days ago

Mercedes-Benz CLA hybrid now available for sale in Poland

LifeStyle
1 month ago

Maja Todd on the Miss Polonia Crown: “When I Wear It, I Feel Like Another Person”

LifeStyle
2 months ago

CEOs Should Swap Self-Help for Fiction to Become Better Leaders

Book of Lists

Book of Lists
4 years ago

The largest Polish companies under the Book of Lists microscope! Book of Lists 2020/2021 certificates have been awarded.