R
eal estate is a cornerstone of modern economies, serving as both a tangible asset and a key component of wealth accumulation. Price fluctuations in the real estate market have significant implications, affecting consumer sentiment and financial stability. Understanding these dynamics is crucial for policymakers, investors, and homeowners alike.

    The importance of real estate prices makes them a critical factor in policymaking, particularly when governments aim to increase housing affordability. Evaluating policies that influence this market requires effective tools, such as causal inference techniques.

    This article examines the impact of Poland's mortgage subsidy program, 'Safe Credit 2%', on real estate prices using a synthetic control group method. Introduced in July 2023, the program aimed to support young people and families in purchasing their own homes by offering favorable credit terms.