After three quarters of a clear slowdown, home prices in Poland have started accelerating again. According to Statistics Poland’s latest nationwide index, based on the Real Estate Price Register, residential property prices rose by 2.3% quarter on quarter and by as much as 6.0% year on year in Q1 2026 — the strongest annual increase in five quarters. The figures differ in scale from the asking-price data published by the National Bank of Poland in its BaRN database, as they are based on transaction prices recorded in notarial deeds. However, the direction is the same: the housing market is emerging from stagnation.
Home prices in Poland are accelerating again. Statistics Poland releases data for Q1 2026
How this index differs from NBP data
Statistics Poland’s residential property price index is based on the Real Estate Price Register, meaning actual transaction prices from notarial deeds across the country. This differs from the National Bank of Poland’s BaRN database, which uses asking and transaction prices from selected major cities. Statistics Poland publishes the index in three comparisons: against the previous quarter, against the corresponding quarter of the previous year, and against the average price for the entire preceding year. For the 2026 calculations, the primary market was assigned a 45.6% weight and the secondary market a 54.4% weight, reflecting their respective shares in total property turnover.
The slowdown is over
The annual pace of home-price growth had been slowing steadily since its peak at the turn of 2023 and 2024, when prices were rising by as much as 18% year on year — driven by the “Safe 2% Mortgage” programme. In subsequent quarters, growth fell to just 4.0% in Q3 2025, which many commentators interpreted as a sign of a lasting market cool-down. The data for Q1 2026 breaks that trend: annual growth accelerated to 6.0%, the highest reading in five quarters, while quarter-on-quarter growth of 2.3% is the strongest since 2024.
The primary market is once again outpacing the secondary market. In Q1 2026, prices of homes on the primary market rose by 6.8% year on year, compared with 5.2% on the secondary market — unlike a year earlier, when both segments were growing at almost the same pace of around 6–7%. Stronger growth in new-home prices may reflect rising construction costs, limited availability of development land in the largest cities, and a gradual recovery in mortgage demand following the National Bank of Poland’s interest-rate cutting cycle.
Regional variation: from Łódź to Lubuskie
Regional data show wide variation in the pace of price growth. Residential property prices increased most sharply in Lubuskie, up 8.4% year on year, followed by Wielkopolskie (7.9%) and Kujawsko-Pomorskie (7.8%). At the other end of the scale was Łódzkie, where prices rose by just 1.5% annually and even fell by 0.7% quarter on quarter — the only such case in the entire ranking. Mazowieckie, the country’s largest market, recorded quarter-on-quarter growth of 3.6%, the highest among all voivodeships on that measure.
| Voivodeship | q/q (%) | y/y (%) |
|---|---|---|
| Poland | +2.3 | +6.0 |
| Lubuskie | +3.1 | +8.4 |
| Wielkopolskie | +2.6 | +7.9 |
| Kujawsko-Pomorskie | +1.5 | +7.8 |
| Podlaskie | +2.9 | +7.6 |
| Mazowieckie | +3.6 | +6.8 |
| Pomorskie | +2.6 | +6.5 |
| Świętokrzyskie | +2.7 | +6.4 |
| Podkarpackie | +1.1 | +6.4 |
| Małopolskie | +2.4 | +6.6 |
| Zachodniopomorskie | +0.9 | +5.9 |
| Śląskie | +1.8 | +4.2 |
| Lubelskie | +1.3 | +4.2 |
| Opolskie | +1.1 | +5.0 |
| Warmińsko-Mazurskie | +0.7 | +4.5 |
| Dolnośląskie | +1.6 | +4.0 |
| Łódzkie | -0.7 | +1.5 |
q/q: Q1 2026 vs Q4 2025; y/y: Q1 2026 vs Q1 2025.
Prices relative to the whole of 2025
Statistics Poland also publishes a third comparison: against the average price for the entire preceding calendar year. On this basis, residential property prices in Q1 2026 were 4.2% higher than the 2025 average, with the difference reaching 4.4% on the primary market and 4.0% on the secondary market. This measure is useful for assessing how quickly current prices are moving away from the previous year’s benchmark — and it tells the same story as the other indicators: the market has entered a new growth phase.
What comes next
The price acceleration in Q1 2026 coincides with the National Bank of Poland’s interest-rate cutting cycle, under way since May 2025, and with a rebound in mortgage lending. The volume of housing loans to households was growing at an increasingly faster pace from quarter to quarter during this period. At the same time, as the regional data show, the recovery is uneven: strong acceleration in smaller markets such as Lubuskie and Kujawsko-Pomorskie contrasts with stagnation in Łódzkie. The next release, covering Q2 2026, will show whether this acceleration is lasting or merely a one-off rebound after several quieter quarters.
Source: Statistics Poland data. Own analysis based on Statistics Poland data. The indices are based on transaction prices for residential properties from the Real Estate Price Register; the weighting methodology for the primary and secondary markets is updated annually. This article is for information purposes only and does not constitute investment advice.
