This article aims to assess the impact of housing policy implemented in Poland between 2007 and 2023 on housing availability. In particular, the effectiveness of selected government programs is evaluated in terms of their influence on the demand and supply sides of the housing market. A comparative analysis was conducted of key housing policy instruments such as “Family on Its Own” (Rodzina na Swoim), “Housing for the Young” (Mieszkanie dla Młodych), and the “Safe 2% Mortgage” (Bezpieczny Kredyt 2%), taking into account their implementation under varying macroeconomic conditions. The study utilizes statistical data and indicators related to price and wage dynamics. It is demonstrated that the effectiveness of housing support programs is linked to the phase of the business cycle and structural supply constraints. Although demand-side programs temporarily improve access to financing, they may lead to price increases when supply is inelastic, as observed in the case of the “Safe 2% Mortgage.” In the long term, actions based solely on stimulating demand prove insufficient. An effective housing policy should balance demand- and supply-side interventions and support the development of alternative forms of saving and investment. Adapting policy tools to current economic conditions and accounting for the growing role of investment demand are key to sustainably improving housing availability in Poland.
Podlińska et al. (2025) studied this question.