FinObservatory

Housing cycles / POL

Poland

Real residential property prices, BIS index, 2010 to 2025-Q4. The index is rebased to 2010 = 100 for Poland alone, so its level says nothing next to another country’s. Growth and drawdown are comparable across countries; the level is not.

+1.8%
Real prices, year on year
2025-Q4; nominal +4.3%
at peak
Off its own real peak
peak 2025-Q4
-16.6%
Deepest real drawdown
trough 2014-Q1, within the observed sample
2010
Index starts
64 quarters to 2025-Q4

Real house price index, annual

Annual means of the quarterly real index. A year is plotted only if all four of its quarters are present, so a partial year is dropped rather than averaged over whatever is present.

809010011012020102012201420162018202020222024Real index, 2010 = 100 (Poland base)

Source: BIS residential property prices (selected series) Latest real quarter 2025-Q4 = 121.8; highest observed real quarter 2025-Q4 = 121.8. Methodology

Banking crises

The annual real index has no complete year at one or both ends of the required window for this crisis, so it cannot be measured. It is listed anyway, with the missing year named.

CrisisRun-up t-5 to tTrough vs tYears to trough
1992 to 1994not measurable: no complete index year at 1987 or at 1997 (the annual index runs 2010 to 2025)

Source: BIS residential property prices (selected series) | Laeven and Valencia, Systemic Banking Crises Database (2025 update) 1 of the 1 crisis on record for Poland cannot be measured against this price index. It is listed above rather than dropped. Methodology

Limits of this page. The drawdown figures are conditional on the sample: Poland’s index begins in 2010, so a peak before then is invisible and the deepest drawdown is the deepest observedone. The crisis dating is Laeven-Valencia’s, not this repo’s. Nothing here is a causal claim. See the methodology for the full list.