Real estate is a foundation of modern economies, serving as a tangible asset and an essential component of wealth accumulation for individuals and investment portfolios.
House price fluctuations have far-reaching implications, influencing everything from consumer sentiment to financial stability. Understanding the drivers behind price dynamics is not simply an academic pursuit, but a necessity for policymakers, investors, and homeowners alike.
The importance of real estate prices makes them critical in policymaking as governments are trying to influence this market to increase housing affordability. Such policies allow us to evaluate them using causal inference toolkits.
In this article, we will try to evaluate the impact of the mortgage subsidy program on real estate prices in Poland using the synthetic control group.
Safe Credit 2% Program
In July 2023, the Polish government introduced the 'Safe Credit 2%' program. Its goal was to help young people and families buy their…
