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Price of a square meter of usable floor space of a residential building

(prices expressed in PLN)

 

I quarter

II quarter

III quarter

IV quarter

1998

 

 

 

1 930

1999

2 220

2 200

2 150

1 960

2000

2 245

2 280

2 300

2 300

2001

2 350

2 490

2 700

2 500

2002

2 400

2 400

2 484

2 330

2003

2 071

2 332

2 117

2 432

2004

2 412

2 562

 2 386

2 195

2005

2 505

2 336

 2 528

2 388

2006

2 560

2 445

 2 557

 2 619 

2007

2 683

 2 650

 3 041

2 890

2008

2 970

 3 186

 3 478

 

 

An index is established on the basis of outlays incurred by investors in construction of new residential buildings, excluding one-dwelling buildings (see methodological description). It is calculated only for purposes determined in Act of 30 November 1995 on the State aid in the repayment of some housing credits, granting guarantee premiums and refundations of the paid guarantee premiums to the banks (homogenous text: Journal of Laws from 2003 No 119, item 1115 – with later amendments) as well as is also made of use in other acts referring to the index (see methodological description). Therefore, it can not be made of use as a price of square metre of usable floor space of residential buildings completed or for analysis such prices offered in housing market.

Beginning from II quarter of 2002 this index is announced by the President of the Central Statistical Office in Official Journal of the CSO; former, successively: by the President of the State Office for Housing and Urban Development, Ministry of the Physical Planning and Construction and the President of the National Bank of Poland – in Official Journal of the Republic of Poland –“Monitor Polski”.

Methodological description
 
Relation of outlays incurred in construction of new residential buildings (other than one-dwelling) by investors other than individual to the usable floor of these buildings. The notion of individual investors includes investors constructing residential buildings for their own use as well as churches and religious associations. The value of the outlay consists of overall costs incurred from the starting point of the construction till the moment of the completion of a building.

Data on outlays incurred in the construction of new residential buildings, their usable floor space, number of dwellings (including those being finished by their future users) and their usable floor space and data on the starting and the ending date of construction of a building, its location are submitted by investors on the B-09 form. This survey is obligatory.
 
Related term:
• Outlays incurred on the construction of new residential buildings completed
Outlays incurred on the construction of a building include all costs incurred from the moment of commencement to the moment of completion of the building. These expenditures should include all cubature and extra-cubature costs associated with the execution of the building that can be defined at the moment of completion. In case of completed a building with dwellings to be completed by future users, the costs incurred up to that time are shown. Building costs shall include: costs of acquiring the building plot (i.e., purchase price, perpetual usufruct fees incurred by the investor as well as notary and land mortgage registration fees, development costs of building plot and connection of external media – adiacenian costs, building erection costs – constructions, cost of technical equipment and building fittings, construction equipment associated with the building (equipment ensuring the ability to use the building in accordance with its designation, e.g. connections and fittings including sewage collection and treatment, driveways, fencings, parking lots and places for rubbish cans) – for general usage, additional building costs e.g., investor costs, spatial planning, documentation, project advisory and expertise services, fees associated with the signing of notary deeds and entry into land registers, supervisions, construction management and settlement of works, financing costs, e.g., procurement of loans and repayment of interest. Building costs shall also include VAT taxes calculated and paid in conjunction with the execution of the given building investment if such taxes are not refundable or deductible from VAT taxes due.
Known as "estimated costs of residential buildings completed" up to the year 2000.
 
Place, form and date of publishing (taking frequency into consideration)
• Official Journal of the CSO - announcement of the President of CSO - within the second part of the second month after every quarter


Legal acts pursuant to which an index is announced
 
Act of 30 November 1995 on the State aid in the repayment of some housing credits, granting guarantee premiums and refundations of the paid guarantee premiums to the banks.
Journal of Laws 2003 No 119 item 1115
Original text: Journal of Laws 1996 No 5 item 32
Unified text: Journal of Laws 2003 No 119 item 1115 Amendments: Journal of Laws 2002 No . 25 item 253; Journal of Laws 2004 No 213 item 2157; Journal of Laws 2005 r. No  94 item 786; Journal of Laws 2006 r. No 53 item 385
 
Legal acts referring to an index
 
Act of 17 June 1966 on acts in enforcement proceedings in administration
Journal of Laws 2002 No 110 item 968
Original text: Journal of Laws 1966 No 24 item 151
Unified text: Journal of Laws 1991 No 36 item 161
Unified text: Journal of Laws 2002 No 110 item 968 Amendments: Journal of Laws 2002 No 113 item 984, No 127 item 1090, No 141 item 1178, No 153 item 1271, No 169 item 1387, No 199 item 1672, No 200 item 1679, No 216 item 1824; Journal of Laws 2003 No 80 item 718, No 135 item 1268, No 137 item 1302, No 193 item 1884, No 217 item 2124, No 228 item 2255; Journal of Laws 2004 No 68 item 623, No 91 item 870 and item 871, No 96 item 959, No 116 item 1203; Journal of Laws 2005 r. No  86 item 732, No 172 item 1438, No 183 item 1538
 
Person providing information
 
Janusz Kobylarz
CSO – Economic Statistics Division
Telephone number (022) 608-37-67
e-mail J.Kobylarz@stat.gov.pl

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