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(prices expressed in PLN)

Pursuant to the Act on the basis of which the index is announced, the price of 1m2 of usable floor space of a (residential) building is understood as average outlays for the whole country incurred by investors for the construction of multi-dwelling buildings per 1 m2 of the usable floor space of a building, calculated as an average weighted by usable floor space of residential buildings completed in particular voivodships.

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 meter 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 the 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.
Unified text: Journal of Laws 2003 No 119 item 1115 with further amendments