Michał Ryś | Maciej Ryś
pages: 94-104; JEL classification: O18, O10, R20, R21, R30, R31; Keywords: Housing Affordability, Urban Economics, Income and Housing Prices, Homeownership, Polish Real Estate Market; 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.