EU salary/rent ratio map based on 100m2. Is it this hard to rent for people living in Poland nowadays?

by cuckconundrum

22 comments

  1. Given that in the past 5 years all that’s been developed in Poland are those cancer of micro apartments of 40sqm, it makes me smile that the map is based on 100sqm ^^ but anyway yes, it seems accurate because real estate in Poland is quite fucked up due to a combination of factors: shitty development plans, greedy unregulated developers, foreign corporations and funds buying entire estates just for holding, millions of Ukrainians flooding the market

  2. Helps to explain why Poland has the lowest birth rate in Europe

  3. This map tries to quantify average salary to 100m2 flat – 100m2 is by far not an average flat. The pure supply vs demand equation will fuck up this map. But authors obviously know that…

    The only way to make that map work and not be plain rage bait is to quantify with an average m2 (but m2 are not created equal either), or by loan2value. None would be perfect, both enormously more helpful than the op

    Unfortunately, we have this bs map spread in the second Polish sub, and I expect the rage bait to catch here as well

  6. Is there any promising policy to save Poland from this? The apartments from developers are so small that 2 people can barely fit. How can these people start a family even?

  7. There is very small amount of 100m2 living.
    Only 5% of livings for rent have such area.
    E.g. in some districts it may be only 5 offers, and luxury price. I am sure, for 60m2 it will be another results.

  8. Data is really skewed, 100m2 apartments basically don’t exist in Poland. People either live in houses (like most of Poles) or 60 +/- 15 m2 apartments.

  9. Yeah 100m2 flats in PL are still a rarity so the limited supply disproportionately increases their value. It would be interesting to see a similar dataset for 40-60m2 flats because there are a lot of them

    Source: looking to buy one in Warsaw right now

  10. I live abroad and work in a neighboring country to the one I live in. Couple of weeks ago we started talking more intensively with my wife about coming back to Poland. I did a research on wages and rents in cities around which my company has its locations, and to which I could be transferred upon request. Based on my calculations, my spending on rent would increase from current 25% to 50-65% (after taking into account wage decrease). Well, we have postponed coming back for few more years.

  11. I imagine this is €/m^(2) normalized to 100m^(2)? I also imagine most rentals are apartments and good luck finding a lot of >100m^(2) apartments. So could this in practice be something like how many salaries are needed to rent 1.5-2 apartments (100m^(2)).

  13. The mortgage could be cheaper in Poland compared to other countries tho. We have high ownership/rental ratio. Our system wasn’t ever based on renting so it makes sense it’s fucked up and expensive rn. Big developers paying off politicians doesn’t help either.

  14. Honestly, since Covid/Russia-inspired inflation and WIBOR increase, I feel renting is (much) cheaper than mortgage.
    We went to PKO in 2020-21 just when they made the changes in WIBOR from ~1% to ~6%, and the change in monthly payments was ridiculous. We had to blow it off because we couldn’t afford it anymore. I think it was 5500/6500 zl monthly for a 75m2 flat in Gdynia Oksywie (really on the outskirts of the city).
    We rented a 90m2 flat in Sopot for 2900 zl/monthly (3rd floor flat without elevator and my wife was pregnant so owner agreed to deduct 1000 zl from 3900 to 2900) from 2022 to 2024, and we rent a 75m2 flat in Gdańsk, Jelitkowo for 4300 zl/month, nowadays. We’re saving now for a higher downpayment (we only had 10% back then), and we will probably start looking for a place in 6 months from now. Unfortunately, my wife wants to live in the pricier areas of Gdańsk or Sopot, instead of outside the city for half the price… 🙁

  16. It is expensive, so people get less.

    I am from Poland and I lived in Switzerland. When I told that I rented with a friend 90m2 flat with lake view, cellar, bike storage and close to train station all my friends and family where like “why so expensive and why so big”, but when I told them that it was around 15% of our combined income they changed their mind

  17. Living standards in Poland have become bonkers. There is a serious lack of decently sized apartments. Its pretty sad.

  18. 100m2 is quite a bit bigger than what most people live in

  20. 100m2 is bot overkill, there is it hug market for 100m2 apartments?

  21. I was laughing at my gaming friends who lived in their moms basement, now I’m one of them

  22. The thing is as well that apart of western prices people in Polish NGO are getting way less money for salaries than western countries. EU discrimination and there’s nothing you can do. Just booked Radison hotel in Helsinki for 220 złotych for one night. It’s way cheaper than in Poland. These’re that.

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