{"id":6140,"date":"2026-07-01T18:16:51","date_gmt":"2026-07-01T18:16:51","guid":{"rendered":"https:\/\/ceo.com.pl\/en\/?p=6140"},"modified":"2026-07-01T18:16:58","modified_gmt":"2026-07-01T18:16:58","slug":"krakow-apartment-prices-have-nearly-tripled-in-20-years-95940","status":"publish","type":"post","link":"https:\/\/ceo.com.pl\/en\/krakow-apartment-prices-have-nearly-tripled-in-20-years-95940\/","title":{"rendered":"Krak\u00f3w Apartment Prices Have Nearly Tripled in 20 Years"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Over the past two decades, the average offer price per square meter of housing in Krak\u00f3w has risen from PLN 6,021 to PLN 16,859.05 on the primary market \u2014 nearly a threefold increase. The path to today&#8217;s level was far from a straight line: it included a pre-crisis boom, a six-year correction, a long period of stagnation, and a sharp price surge after 2023 tied to a government mortgage subsidy program.<\/p>\n\n\n\n<div class=\"krk20en-wrap\">\n<style>\n.krk20en-wrap { --krk20en-navy:#131F49; --krk20en-amber:#e67a2d; --krk20en-bg:#f7f8fb; --krk20en-border:#e2e5ee; font-family:-apple-system,BlinkMacSystemFont,\"Segoe UI\",Roboto,Arial,sans-serif; color:#232733; line-height:1.65; max-width:960px; margin:0 auto; }\n.krk20en-wrap p { margin:0 0 16px; font-size:16px; }\n.krk20en-wrap h2 { color:var(--krk20en-navy); font-size:24px; font-weight:700; margin:40px 0 16px; padding-bottom:8px; border-bottom:3px solid var(--krk20en-amber); }\n.krk20en-wrap h3 { color:var(--krk20en-navy); font-size:18px; font-weight:700; margin:24px 0 10px; }\n.krk20en-lead { font-size:18px; color:#333c50; font-weight:500; margin-bottom:28px; }\n.krk20en-cards { display:grid; grid-template-columns:repeat(4,1fr); 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} .krk20en-table { min-width:560px; } }\n<\/style>\n\n<div class=\"krk20en-cards\">\n<div class=\"krk20en-card\">\n<div class=\"krk20en-card-label\">Primary market today (Q1 2026)<\/div>\n<div class=\"krk20en-card-value\">PLN 16,859.05\/m\u00b2<\/div>\n<div class=\"krk20en-card-delta up\">+180% since 2006<\/div>\n<\/div>\n<div class=\"krk20en-card\">\n<div class=\"krk20en-card-label\">Secondary market today (Q1 2026)<\/div>\n<div class=\"krk20en-card-value\">PLN 16,566.48\/m\u00b2<\/div>\n<div class=\"krk20en-card-delta up\">+133% since 2006<\/div>\n<\/div>\n<div class=\"krk20en-card\">\n<div class=\"krk20en-card-label\">Deepest correction (2007\u20132013)<\/div>\n<div class=\"krk20en-card-value\">-27.9%<\/div>\n<div class=\"krk20en-card-delta down\">primary market, peak to trough<\/div>\n<\/div>\n<div class=\"krk20en-card\">\n<div class=\"krk20en-card-label\">Post-subsidy price jump<\/div>\n<div class=\"krk20en-card-value\">+28.3%<\/div>\n<div class=\"krk20en-card-delta up\">Q1 2023 \u2192 Q1 2024<\/div>\n<\/div>\n<\/div>\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/ceo.com.pl\/en\/krakow-apartment-prices-have-nearly-tripled-in-20-years-95940\/#Two_decades_of_Krakows_housing_market\" >Two decades of Krak\u00f3w&#8217;s housing market<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/ceo.com.pl\/en\/krakow-apartment-prices-have-nearly-tripled-in-20-years-95940\/#Boom_correction_stagnation_boom_%E2%80%94_four_phases_of_the_market\" >Boom, correction, stagnation, boom \u2014 four phases of the market<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/ceo.com.pl\/en\/krakow-apartment-prices-have-nearly-tripled-in-20-years-95940\/#Key_moments_by_the_numbers\" >Key moments by the numbers<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Two_decades_of_Krakows_housing_market\"><\/span>Two decades of Krak\u00f3w&#8217;s housing market<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>NBP&#8217;s BaRN data makes it possible to track housing price changes in Krak\u00f3w from Q3 2006 through Q1 2026 \u2014 a span of almost 20 years covering several distinct phases of the market cycle. Over that period, the average offer price per square meter on the primary market rose from PLN 6,021 to PLN 16,859.05, an increase of 180%. On the secondary market, the rise was somewhat smaller: from PLN 7,114 to PLN 16,566.48, up 133%. That works out to an average annual growth rate of roughly 5.4% on the primary market and 4.4% on the secondary market.<\/p>\n\n<div class=\"krk20en-chart-box\">\n<div class=\"krk20en-chart-title\">Average offer price for housing in Krak\u00f3w, Q1 of each year, 2007\u20132026 (PLN\/m\u00b2)<\/div>\n<div class=\"krk20en-chart-canvas-wrap\"><canvas id=\"krk20en-chart-trend\"><\/canvas><\/div>\n<\/div>\n\n<h2><span class=\"ez-toc-section\" id=\"Boom_correction_stagnation_boom_%E2%80%94_four_phases_of_the_market\"><\/span>Boom, correction, stagnation, boom \u2014 four phases of the market<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The first phase, spanning 2006\u20132007, was a pre-crisis credit boom: primary-market prices climbed from PLN 6,021 in Q3 2006 to a peak of PLN 8,420 in Q3 2007, while secondary-market prices rose from PLN 7,114 to PLN 8,369 as early as Q1 2007.<\/p>\n<p>The second phase was a multi-year correction following the 2008 financial crisis. Primary-market prices declined almost continuously through Q3 2013, hitting a trough of PLN 6,071.46 \u2014 27.9% below the 2007 peak. The secondary market bottomed out somewhat earlier, in Q2 2013, at PLN 6,488.58, a decline of 22.5% from its peak.<\/p>\n<p>The third phase, running from 2013 to roughly 2019, was a period of slow and uneven recovery, during which the primary market spent several years trading in a narrow band of PLN 6,300\u20137,000 per square meter. The pace only picked up toward the end of the decade, as interest rates fell and investment demand grew.<\/p>\n<p>The fourth phase covers the pandemic and post-pandemic period \u2014 prices rose steadily from 2020 onward, but the sharpest jump came after the mid-2023 launch of the government&#8217;s &#8220;Bezpieczny Kredyt 2%&#8221; mortgage subsidy program. The average primary-market offer price rose from PLN 12,145.58 in Q1 2023 to PLN 15,584.63 a year later \u2014 up 28.3% in four quarters. On the secondary market, the increase over the same period was 29.8%. Since early 2024, prices in Krak\u00f3w have stabilized in a range of PLN 16,400\u201316,900 per square meter.<\/p>\n\n<div class=\"krk20en-callout\">\n<p>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 December\u2013February, Q2 covers March\u2013May, Q3 covers June\u2013August, and Q4 covers September\u2013November. The database has been maintained by the National Bank of Poland since Q3 2006.<\/p>\n<\/div>\n\n<h2><span class=\"ez-toc-section\" id=\"Key_moments_by_the_numbers\"><\/span>Key moments by the numbers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"krk20en-table-wrap\">\n<table class=\"krk20en-table\">\n<thead>\n<tr>\n<th>Period<\/th>\n<th class=\"krk20en-highlight\">Primary market, offer (PLN\/m\u00b2)<\/th>\n<th>Secondary market, offer (PLN\/m\u00b2)<\/th>\n<th>Context<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr><td>Q3 2006<\/td><td class=\"krk20en-highlight\">6,021.00<\/td><td>7,114.00<\/td><td>Start of the BaRN database<\/td><\/tr>\n<tr><td>2007 (peak)<\/td><td class=\"krk20en-highlight\">8,420.00<\/td><td>8,369.00<\/td><td>Peak of the pre-crisis boom<\/td><\/tr>\n<tr><td>2013 (trough)<\/td><td class=\"krk20en-highlight\">6,071.46<\/td><td>6,488.58<\/td><td>Bottom of the post-crisis correction<\/td><\/tr>\n<tr><td>Q1 2019<\/td><td class=\"krk20en-highlight\">7,622.58<\/td><td>8,697.03<\/td><td>Pre-pandemic price level<\/td><\/tr>\n<tr><td>Q1 2023<\/td><td class=\"krk20en-highlight\">12,145.58<\/td><td>12,648.92<\/td><td>Before the &#8220;Bezpieczny Kredyt 2%&#8221; program<\/td><\/tr>\n<tr><td>Q1 2026<\/td><td class=\"krk20en-highlight\">16,859.05<\/td><td>16,566.48<\/td><td>Current level<\/td><\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\n<p class=\"krk20en-source\">Data source: National Bank of Poland (NBP), BaRN residential property price database, Q3 2006 \u2013 Q1 2026. Own compilation based on NBP data.<\/p>\n\n<\/div>\n\n<script class=\"nowprocket\" data-cfasync=\"false\" data-no-minify=\"1\" src=\"https:\/\/cdnjs.cloudflare.com\/ajax\/libs\/Chart.js\/4.4.1\/chart.umd.min.js\"><\/script>\n<script class=\"nowprocket\" data-cfasync=\"false\" data-no-minify=\"1\">\n(function () {\n  var krk20en_attempts = 0;\n  var krk20en_maxAttempts = 100;\n  var krk20en_interval = setInterval(function () {\n    krk20en_attempts++;\n    if (typeof Chart !== 'undefined') {\n      clearInterval(krk20en_interval);\n      krk20en_renderCharts();\n    } else if (krk20en_attempts >= krk20en_maxAttempts) {\n      clearInterval(krk20en_interval);\n    }\n  }, 100);\n\n  function krk20en_renderCharts() {\n    try {\n      var el = document.getElementById('krk20en-chart-trend');\n      if (el) {\n        new Chart(el.getContext('2d'), {\n          type: 'line',\n          data: {\n            labels: ['2007', '2008', '2009', '2010', '2011', '2012', '2013', '2014', '2015', '2016', '2017', '2018', '2019', '2020', '2021', '2022', '2023', '2024', '2025', '2026'],\n            datasets: [\n              {\n                label: 'Primary market (offer)',\n                data: [8247, 8084, 7675, 7595, 7517, 7111.90, 6361.70, 6472.43, 6564.53, 6524, 6618.93, 6918.26, 7622.58, 9211.88, 9739.47, 11156.13, 12145.58, 15584.63, 16926.92, 16859.05],\n                borderColor: '#e67a2d',\n                backgroundColor: 'rgba(230,122,45,0.12)',\n                borderWidth: 3,\n                tension: 0.2\n              },\n              {\n                label: 'Secondary market (offer)',\n                data: [8369, 7979, 6864, 6916, 7206, 6775.56, 6644, 6754.22, 7030, 6827.49, 6859.13, 7767.10, 8697.03, 9517.66, 9899.14, 11845.28, 12648.92, 16416.59, 16427.91, 16566.48],\n                borderColor: '#131F49',\n                backgroundColor: 'rgba(19,31,73,0.08)',\n                borderWidth: 2,\n                tension: 0.2\n              }\n            ]\n          },\n          options: {\n            responsive: true,\n            maintainAspectRatio: false,\n            scales: {\n              y: { ticks: { font: { size: 11 } } },\n              x: { ticks: { font: { size: 11 } } }\n            },\n            plugins: {\n              legend: { position: 'top', labels: { font: { size: 11 } } },\n              tooltip: {\n                callbacks: {\n                  label: function (ctx) {\n                    return ctx.dataset.label + ': PLN ' + Math.round(ctx.raw).toLocaleString('en-US') + '\/m\u00b2';\n                  }\n                }\n              }\n            }\n          }\n        });\n      }\n    } catch (e) {}\n  }\n})();\n<\/script>\n","protected":false},"excerpt":{"rendered":"<p>Over the past two decades, the average offer price per square meter of housing in Krak\u00f3w has risen from PLN 6,021 to PLN 16,859.05 on the primary market \u2014 nearly a threefold increase. The path to today&#8217;s level was far from a straight line: it included a pre-crisis boom, a six-year correction, a long period [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5561,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"Apartment prices in Krak\u00f3w have gone through a pre-crisis boom, a long correction, years of stagnation and a sharp rise after 2023.\n\nIn the first quarter of 2026, the average asking price for a new apartment reached PLN 16,859 per square metre \u2014 180% higher than at the start of the available data series in 2006. On the secondary market, the average asking price stood at PLN 16,566 per square metre, up 133%.\n\nThe strongest acceleration came between the first quarter of 2023 and the first quarter of 2024, when asking prices on the primary market increased by 28.3%. Since early 2024, prices have largely stabilised at around PLN 16,400\u201316,900 per square metre.\n\n#Krakow #RealEstate #HousingMarket #PropertyPrices #Poland\n","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8],"tags":[70,3804,3263,64,2692,2941],"class_list":["post-6140","post","type-post","status-publish","format-standard","has-post-thumbnail","category-real-estate","tag-krakow","tag-kredyt","tag-nbp","tag-poland","tag-sharp","tag-vat"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/6140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/comments?post=6140"}],"version-history":[{"count":1,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/6140\/revisions"}],"predecessor-version":[{"id":6141,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/6140\/revisions\/6141"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/media\/5561"}],"wp:attachment":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/media?parent=6140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/categories?post=6140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/tags?post=6140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}