The goal of this monograph is to assess the course of convergence processes occurring in European housing markets and to identify the effects of this convergence. The publication is part of research on the housing sector carried out in many countries. However, it presents not only the most frequently conducted studies on price convergence but is also characterised by a broader perspective, taking into account real and institutional convergence of housing markets. An attempt has been also made to indicate the reasons for this phenomenon and its effects. It is addressed to a wide audience: people researching the theory of economic growth, individuals professionally interested in the issues related to the functioning of real estate markets, and especially to students of programmes that have included real estate issues in their curricula.