In Poland, more and more people are faced with the same question: is it inactive possible to get your own apartment? expanding property prices and credit costs make the ability to buy your own home increasingly challenging for the average Pole.
According to the Central Statistical Office (GUS), the price of 1 m2 of housing in Poland has increased by 35% in the last 5 years. At this rate of growth, getting your own flat becomes an increasingly distant mark for many people.
To estimation how long you request to save to buy your own apartment, we request to consider many factors specified as life costs, wages and expectations for the future. However, if we presume that an average individual or household must postpone their yearly gross wage for about 8 years in order to get a standard flat of 70 m2, this is unrealistic for many residents.
In this case, getting your own flat becomes a challenge not only for young people, but besides for those who already have their own life experience. This is besides due to the fact that Poles are increasingly choosing to rent alternatively of buying real estate, which increases request for apartments for rent and further increases in rental prices.
According to the RES (Research and Analysis of the Real property Market), in 2020 there were only 352 1000 apartments available on the marketplace in Poland, which means that for all 10 people looking for apartments there is only 1 available place. specified housing conditions item the request to revise housing strategies and support that could aid increase housing accessibility for a broad spectrum of society, especially those who are just starting their adult way of life.
In order to address this problem, the Polish government should revise housing strategies and introduce fresh solutions to aid increase housing accessibility for average citizens. 1 of the possible solutions is the introduction of the Housing+ programme to aid young people buy their first apartment.
According to the Ministry of Investment and Development, the Housing+ programme would aid around 100,000 people in the next 5 years. This is simply a step in the right direction, but there is inactive much to do to let the average Pole to get his own apartment.
In the current economical environment, buying an flat requires an average Pole to save long-term, frequently for many years. However, if Poland wants to supply its citizens with access to a unchangeable apartment, it must introduce fresh solutions that would aid to increase the availability of apartments and reduce the cost of purchasing real estate.
Source:
* Central Statistical Office
*REAS (Research and Analysis of the Real property Market)
* Ministry of Investment and Development
This article was written on the basis of current data from the Polish housing marketplace and is aimed at users to supply them with reliable information about this current situation.
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