You can't even buy half a square meter of an apartment for the average monthly salary in large Polish cities.
Situation:
Salary growth: Doesn't keep up with rising property prices.
Purchasing power: Decreasing in most major cities.
Comparison by city:
City |
Average net salary (zł) |
Price per m² apartment (zł) |
---|---|---|
Kraków |
5 641 |
10 240 |
Warszawa |
6 142 |
11 420 |
Gdańsk |
6 012 |
10 520 |
Łódź |
4 917 |
7 020 |
Krakow's purchasing power of the average salary is decreasing - at least when it comes to the real estate market. In 2021, you could buy 0.43 sq m for the average net salary, and two years later - only 0.38 sq m. In Warsaw and Gdańsk, you can buy slightly more real estate than two years ago (2 and 1 cm², respectively). However, the average salary still does not allow you to buy even half a meter of living space. In this respect, Łódź is the best place, where you can buy a square meter for 0.71 of your salary.
City |
Wrocław |
Kraków |
Warszawa |
Gdańsk |
Łódź |
---|---|---|---|---|---|
IV quarter 2021 (m2) |
0,46 |
0,43 |
0,33 |
0,42 |
0,71 |
IV quarter 2023 (m2) |
0,46 |
0,38 |
0,35 |
0,43 |
0,70 |
Difference (m2) |
0,00 |
-0,05 |
0,02 |
0,01 |
-0,01 |
Difference % |
0 |
-10 |
7 |
4 |
-2 |
Notes:
Data is based on the average salary of the Central Statistical Office.
In reality, salaries in large cities are higher.
Conclusion:
Buying an apartment in a big city is becoming increasingly difficult.
Rental prices in Warsaw compared to European cities
The Old Town of Warsaw has a rich historical heritage, including many churches and temples, which are not only religious places, but also significant historical and architectural monuments.
When is the premises considered to be put into operation in Poland?