Warsaw residents work the longest on 1 sqm of an apartment
01:31
According to estimates by HRE Investments, residents of the largest cities in Poland must work on average 34 days per square meter of housing. It takes the longest time in Warsaw and the shortest in Katowice.
Warsaw residents, despite the highest salaries, have to face the highest housing prices in the country. A statistical resident of the capital, earning about PLN 5,126 net, will only earn per square meter of real estate after 42 days of work. This means that1 sqm costs as much as two monthly salaries.
The inhabitants of Gdańsk, Gdynia, and Kraków do not have much better. In Gdańsk, to buy a square meter, you only need to work a day shorter than in the capital, and in Gdynia and Krakow you have to spend 40 working days for this purpose. In the middle of the ranking were Wrocław, Lublin, Rzeszów, Białystok, Poznań, Szczecin, Bydgoszcz, and Olsztyn. In these provincial cities, we would have to work from 31 to 39 days to earn the equivalent of 1 sqm of a flat.
At the other extreme, we have the inhabitants of Katowice. A square meter of an apartment there costs as much as the average wage for 24 working days. We would have to work less than 30 days if we wanted to buy a square meter of real estate in Łódź, Kielce, or Zielona Góra.
As indicated by Oskar Sękowski and Bartosz Turek from HRE Investments, there is one thing that connects all voivodeship cities. Everywhere, the average price per square meter of a flat is higher than the net monthly salary.
