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

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03.09.2018

 

Year I quarter II quarter III quarter IV quarter
prices expressed in PLN
2018 4 132 4 294    
2017 4 424 4 014 4 097 4 145
2016 4 177 4 063 3 976 4 000
2015 3 926 4 066 3 961 3 925
2014 4 129 4 141 3 880 3 984
2013 4 019 3 879 3 975 4228
2012 4 130 4 103 3 915 3 837
2011 3 797 3 819 3 988 3 829
2010 4 372 4 433 4 657 3 979
2009 3 895 3 924 3 783 3 964
2008 2 970 3 186 3 478 3 631
2007 2 683 2 650 3 041 2 890
2006 2 560 2 445 2 557 2 619
2005 2 505 2 336 2 528 2 388
2004 2 412 2 562 2 386 2 195
2003 2 071 2 332 2 117 2 432
2002 2 400 2 400 2 484 2 330
2001 2 350 2 490 2 700 2 500
2000 2 245 2 280 2 300 2 300
1999 1 960 2 150 2 200 2 220
1998       1 930

 

 

The price of square meter of usable floor area of a residential building completed

Place, form and date of publishing (taking frequency into consideration)

Official Journal of Statistic Poland - announcement of the President of Statistic Poland – within 50 to 60 days after the quarter for which the index is calculated, ie: February 20-28 - for the fourth quarter of the previous year, May 20-31 - for the first quarter of this year, August 20-31 - for the second quarter of this year and November 20-30 - for the third quarter of the current year.


The method and aim of this calculation

The price index of 1 sq m of usable floor area of a residential building completed is established on the basis of outlays incurred by investors for the construction of multi-dwelling residential buildings - see the 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 (Journal of Laws 2016 item 1779 (Article 3b, paragraph 4) with further amendments) as well as is also made of use in other acts referring to the index. 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 on the housing market.

Beginning from II quarter of 2002 this index is announced by the President of Statistic Poland in Official Journal of Statistic Poland; former, successively: by the President of the State Office for Housing and Urban Development, the Minister of the Physical Planning and Construction and the President of the National Bank of Poland – in “Monitor Polski” (available at the webside www.lex.com.pl).


The Methodological description

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

The determination of the index takes into account outlays incurred for the construction of new residential buildings (other than one-dwelling buildings and residences for communities) by investors other than individual ones.

The notion of individual investors includes investors constructing residential buildings for their own use as well as foundations, churches and religious associations. The value of the outlay consists of overall costs incurred till the moment of the completion of a building.

Data on outlays incurred for the construction of new residential buildings, their usable floor area, number of dwellings (including finishing by future users) and their usable floor area as well as data on the starting and commissioning date of construction of the building and its location are submitted by investors on the B-09 form. This survey is obligatory.


Related term:

  • Outlays incurred for the construction of new residential buildings completed

Outlays incurred for the construction of a building include all costs incurred from the moment of commencement to the moment of completion of the building. These outlays should include all cubature and extra-cubature costs associated with the execution of the building that can be defined at the moment of commissioning. In case of handing over dwellings in the building to be completed by future users, the costs incurred until the transfer of the building 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, such as: 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.


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.

(Journal of Laws 2016 item 1779 (Article 3b, paragraph 4) with further amendments).


Legal acts referring to the index

  • Act of 17 June 1966 on enforcement proceedings in administration (Journal of Laws 2018 item 1314 with further amendments),
  • Act of 22 June 1995 on the quartering of armed forces of the Republic of Poland (Journal of Laws 2018 item 133 with further amendments),
  • Act of 21 November 2008 on supporting thermo-modernisation and repairs (Journal of Laws 2018 item 966),
  • Act of 27 September 2013 on about state aid in the purchase of the first apartment by young people (Journal of Laws 2018 item 604)

In order to obtain information on how to use the price index of 1 sq m of usable floor area of a residential building to obtain a VAT taxes refund for building materials, you should contact the tax office.


Person providing information
Zofia Kurlej
Agnieszka Nocko
Statistical Office in Lublin
Centre of Construction Statistics
Telephone number 81 533 23 01
e-mail
e-mail


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