Over the past two decades, the average offer price per square meter of housing in GdaĆsk has risen from PLN 5,004 to PLN 16,432.07 on the primary market â a 228% increase. On the secondary market the rise was even steeper: from PLN 4,541 to PLN 16,260.55, up 258%. As in other major Polish cities, the climb was interrupted by a long post-crisis correction and accelerated sharply after a government mortgage subsidy program launched in 2023.
Two decades of GdaĆsk’s housing market
NBP’s BaRN data makes it possible to track housing price changes in GdaĆsk from Q3 2006 through Q1 2026 â a span of almost 20 years. Over that period, the average offer price per square meter on the primary market rose from PLN 5,004 to PLN 16,432.07, an increase of 228%. On the secondary market, prices climbed from PLN 4,541 to PLN 16,260.55, up 258%. That works out to an average annual growth rate of roughly 6.3% on the primary market and 6.8% on the secondary market over the full two-decade period.
Boom, a long correction, and a post-2023 surge
The first phase, in 2006â2008, was a credit-fueled pre-crisis boom. Primary-market prices jumped from PLN 5,004 in Q3 2006 to a peak of PLN 8,509 in Q2 2008. The secondary market peaked slightly earlier, in Q4 2007, at PLN 6,824.
The correction that followed was deep and, on the primary market, unusually long. Primary-market prices fell almost continuously until Q3 2010, bottoming out at PLN 5,456.09 â a decline of 35.9% from the 2008 peak, one of the steepest corrections among major Polish cities. The secondary market held up better: it drifted down gradually over several years, reaching its low point of PLN 5,858.06 only in Q3 2014, a milder 14.2% decline from its 2007 peak.
Recovery was slow and uneven through most of the 2010s, with the primary market spending years trading in a range of roughly PLN 5,700â6,700 per square meter. A clear acceleration began around 2017â2018, well before the pandemic, as GdaĆsk’s rising profile as a business and tourism hub drew increasing investment demand.
Prices then rose steadily through the pandemic years and jumped further after the mid-2023 launch of the government’s “Bezpieczny Kredyt 2%” mortgage subsidy program. The average primary-market offer price rose from PLN 11,808.46 in Q1 2023 to PLN 14,019.37 a year later â up 18.7%. On the secondary market, the increase over the same period was 16.6%. Growth has continued since, though at a more moderate pace, reaching PLN 16,432.07 on the primary market and PLN 16,260.55 on the secondary market in Q1 2026.
BaRN data covers offer and transaction prices for multi-family housing units sold, and includes VAT. The survey runs on a quarterly cycle: Q1 covers DecemberâFebruary, Q2 covers MarchâMay, Q3 covers JuneâAugust, and Q4 covers SeptemberâNovember. The database has been maintained by the National Bank of Poland since Q3 2006.
Key moments by the numbers
| Period | Primary market, offer (PLN/mÂČ) | Secondary market, offer (PLN/mÂČ) | Context |
|---|---|---|---|
| Q3 2006 | 5,004.00 | 4,541.00 | Start of the BaRN database |
| 2007 / 2008 (peak) | 8,509.00 | 6,824.00 | Peak of the pre-crisis boom (primary Q2 2008, secondary Q4 2007) |
| 2010 / 2014 (trough) | 5,456.09 | 5,858.06 | Bottom of the post-crisis correction (primary Q3 2010, secondary Q3 2014) |
| Q1 2019 | 8,267.42 | 9,415.16 | Pre-pandemic price level |
| Q1 2023 | 11,808.46 | 12,223.09 | Before the “Bezpieczny Kredyt 2%” program |
| Q1 2026 | 16,432.07 | 16,260.55 | Current level |
Data source: National Bank of Poland (NBP), BaRN residential property price database, Q3 2006 â Q1 2026. Own compilation based on NBP data.
