In the third quarter of 2020, it would take between 28 months (Katowice) and 39 months (Warsaw) to save for a 10 percent own contribution to purchase a new 55m2 apartment. The average result for the sixteen compared locations amounted to two years and nine months.
Comparison of saving time for the own contribution needed to buy a new apartment in Poland in 3rd quarter 2020, by major cities*
(in months)
Characteristic
Time to save for the contribution (10%) needed to buy a 55m2 apartment from the developer's offer
Time to save for the contribution (20%) needed to buy a 55m2 apartment from the developer's offer
*Additional assumptions: childless spouses working in the business sector are saving for their own contribution. Each of them earns the average salary in their respective city (adjusted for inflation). Future mortgagees spend 15% of their net income on their own contribution. The money is accumulated in a deposit that will provide 1.00% yield per annum (adjusted for inflation, not including the capital gains tax). The deposit has monthly capitalization.
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RynekPierwotny.pl. (March 21, 2021). Comparison of saving time for the own contribution needed to buy a new apartment in Poland in 3rd quarter 2020, by major cities* (in months) [Graph]. In Statista. Retrieved July 23, 2024, from https://www.statista.com/statistics/1230324/poland-saving-time-for-the-own-contribution-to-buy-an-apartment-by-city/
RynekPierwotny.pl. "Comparison of saving time for the own contribution needed to buy a new apartment in Poland in 3rd quarter 2020, by major cities* (in months)." Chart. March 21, 2021. Statista. Accessed July 23, 2024. https://www.statista.com/statistics/1230324/poland-saving-time-for-the-own-contribution-to-buy-an-apartment-by-city/
RynekPierwotny.pl. (2021). Comparison of saving time for the own contribution needed to buy a new apartment in Poland in 3rd quarter 2020, by major cities* (in months). Statista. Statista Inc.. Accessed: July 23, 2024. https://www.statista.com/statistics/1230324/poland-saving-time-for-the-own-contribution-to-buy-an-apartment-by-city/
RynekPierwotny.pl. "Comparison of Saving Time for The Own Contribution Needed to Buy a New Apartment in Poland in 3rd Quarter 2020, by Major Cities* (in Months)." Statista, Statista Inc., 21 Mar 2021, https://www.statista.com/statistics/1230324/poland-saving-time-for-the-own-contribution-to-buy-an-apartment-by-city/
RynekPierwotny.pl, Comparison of saving time for the own contribution needed to buy a new apartment in Poland in 3rd quarter 2020, by major cities* (in months) Statista, https://www.statista.com/statistics/1230324/poland-saving-time-for-the-own-contribution-to-buy-an-apartment-by-city/ (last visited July 23, 2024)
Comparison of saving time for the own contribution needed to buy a new apartment in Poland in 3rd quarter 2020, by major cities* (in months) [Graph], RynekPierwotny.pl, March 21, 2021. [Online]. Available: https://www.statista.com/statistics/1230324/poland-saving-time-for-the-own-contribution-to-buy-an-apartment-by-city/
