Price growth in housing market accelerated in Q1

The housing market in the first quarter of 2019 was still in the high activity phase, and the observed price increase accelerated, the central bank of Poland (NBP) reported. The housing demand, including for the investment, has not changed in relation to the previous quarter, the bank said.

"The increase in housing prices was largely related to the increase in construction costs, which was a consequence of high construction demand," it is specified.

(PAP)