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

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 new residential buildings (other than one-dwelling buildings and residences for communities) 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 multi-dwelling residential buildings 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.

The index 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 2023 item 1446 (Article 3b, paragraph 4)) 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.