Exactly my point, wages have not doubled so in essence wages buying power has gone down.
Indeed but yet there still seems to be a property boom, at the very least a building boom, inflation is running around 17% yoy but the central bank is keeping rates on hold, seems like a very precarious economic setup, the hope is perhaps the external environment improves but I can't see that happening.
I would love to see a chart of mortgage affordability for housing in Poland it has to have crashed over the last few years. Reminds me a little bit of Celtic Tiger Ireland circa 2006/7.