{
  "id": "macro_economics/housing/europe_housing_market_activity_monthly",
  "generated_at": "2026-07-08T08:05:38.580030+00:00",
  "last_refresh": "2026-07-07",
  "source": "ECB MIR monthly new housing loans adjusted with Eurostat total dwelling house price index, and Statistics Poland BDL residential building permit data; mortgage series smoothed with a 3-month moving average and latest overlapping month excluded from the composite.",
  "source_description": "Monthly Poland housing market activity indicator based on a weighted combination of 3-month smoothed house-price-adjusted new mortgage lending and residential building permits, indexed to 2019 = 100. The latest overlapping month is excluded to avoid provisional release-timing distortions.",
  "table_id": "macro_economics/housing/europe_housing_market_activity_monthly",
  "meta": {
    "indicator_name": "Poland Housing Market Activity",
    "indicator_description": "Monthly Poland housing market activity indicator based on a weighted combination of 3-month smoothed house-price-adjusted new mortgage lending and residential building permits, indexed to 2019 = 100. The latest overlapping month is excluded to avoid provisional release-timing distortions.",
    "title": "Poland Housing Market Activity",
    "description": "Monthly Poland housing market activity indicator based on a weighted combination of 3-month smoothed house-price-adjusted new mortgage lending and residential building permits, indexed to 2019 = 100. The latest overlapping month is excluded to avoid provisional release-timing distortions.",
    "source": "ECB MIR monthly new housing loans adjusted with Eurostat total dwelling house price index, and Statistics Poland BDL residential building permit data; mortgage series smoothed with a 3-month moving average and latest overlapping month excluded from the composite.",
    "source_description": "Monthly Poland housing market activity indicator based on a weighted combination of 3-month smoothed house-price-adjusted new mortgage lending and residential building permits, indexed to 2019 = 100. The latest overlapping month is excluded to avoid provisional release-timing distortions.",
    "visibility": "paid",
    "updated_at": "2026-07-07T18:22:53.564737Z",
    "last_refresh": "2026-07-07",
    "table_id": "macro_economics/housing/europe_housing_market_activity_monthly",
    "topic": "Macroeconomics",
    "subtopic": "Housing",
    "geo": [
      "PL"
    ],
    "geo_included": [
      "PL"
    ],
    "page_slug": "poland-housing-market-activity",
    "page_url": "/indicators/macroeconomics/housing/poland-housing-market-activity/",
    "chart_type": "line",
    "series_type": "single",
    "frequency": "monthly",
    "units": "Index (2019 = 100)",
    "legend": false,
    "featured_topic": true,
    "featured_subtopic": true,
    "featured_rank_topic": 5,
    "featured_rank_subtopic": 2,
    "chart_title": "Poland Housing Market Activity",
    "y_axis_label": "Index [2019=100]",
    "related_indicators": [
      {
        "title": "Poland Furniture Market Hub",
        "url": "/market/poland-furniture-market-hub/",
        "label": "Market hub"
      },
      {
        "title": "Poland Furniture Retail Market Size",
        "url": "/indicators/retail/market-size/poland-furniture-retail-turnover/",
        "label": "Market size"
      },
      {
        "title": "Poland Furniture Product Search Trend",
        "url": "/indicators/retail/online/poland-furniture-products-search-trend/",
        "label": "Online"
      },
      {
        "title": "Germany Housing Market Activity",
        "url": "/indicators/macroeconomics/housing/germany-housing-market-activity/",
        "label": "Housing"
      }
    ],
    "taxonomy_path": [
      "macroeconomics",
      "housing",
      "market-activity"
    ],
    "taxonomy_labels": [
      "Macroeconomics",
      "Housing",
      "Market activity"
    ],
    "taxonomy_nodes": [
      {
        "id": "macroeconomics",
        "label": "Macroeconomics",
        "has_page": true,
        "sort_order": 30
      },
      {
        "id": "housing",
        "label": "Housing",
        "has_page": true,
        "sort_order": 20
      },
      {
        "id": "market-activity",
        "label": "Market activity",
        "has_page": false,
        "sort_order": 10
      }
    ],
    "taxonomy_page_path": [
      "macroeconomics",
      "housing"
    ],
    "taxonomy_page_labels": [
      "Macroeconomics",
      "Housing"
    ],
    "taxonomy_collection": "market-activity",
    "taxonomy_collection_label": "Market activity",
    "entity": {
      "type": "country",
      "geo": [
        "PL"
      ]
    },
    "methodology_url": "/about/methodology/housing-market-activity/",
    "methodology_label": "Housing Market Activity Methodology",
    "data_hash": "6e735fc9546037e53e7b72e861f4aa06b1f830564a44797bbc61cf9fc6a37f72",
    "trend_summary": "The Poland Housing Market Activity indicator shows distinct phases over time, with a notable peak in December 2021 at 148.3, followed by a significant decline to a trough in January 2023 at 46.5. The latest level, at 136.2, suggests a recovery from the trough, positioning it closer to the historical peak than the low. Recent momentum indicates strong growth, with year-over-year increases of 45.1% over three months, 33.4% over six months, and 22.5% over twelve months. Yearly averages reveal a marked increase in 2021, followed by a dip in 2022 and partial recovery in subsequent years.",
    "trend_summary_generated_at": "2026-07-08T08:05:43.946503+00:00",
    "key_findings": [
      "Poland housing activity is elevated versus its 2019 baseline, giving a very strong housing-linked demand signal.",
      "Read alongside Poland Furniture Retail Market Size and Poland Furniture Product Search Trend, housing activity adds context to furniture demand conditions.",
      "Recent movement is improving, which points to some easing in housing-market pressure."
    ],
    "key_findings_source": "deterministic_related_context",
    "chart_alt_text": "Line chart for Poland Housing Market Activity in index points. The series runs from 2015-01-01 to 2026-04-01; the latest value is 136.2 index points. The peak is 148.3 index points in 2021-12-01."
  },
  "data": [
    {
      "date": "2015-01-01",
      "geo": "PL",
      "value": 65.23
    },
    {
      "date": "2015-02-01",
      "geo": "PL",
      "value": 68.21
    },
    {
      "date": "2015-03-01",
      "geo": "PL",
      "value": 80.51
    },
    {
      "date": "2015-04-01",
      "geo": "PL",
      "value": 84.81
    },
    {
      "date": "2015-05-01",
      "geo": "PL",
      "value": 89.18
    },
    {
      "date": "2015-06-01",
      "geo": "PL",
      "value": 90.64
    },
    {
      "date": "2015-07-01",
      "geo": "PL",
      "value": 92.9
    },
    {
      "date": "2015-08-01",
      "geo": "PL",
      "value": 87.81
    },
    {
      "date": "2015-09-01",
      "geo": "PL",
      "value": 91.26
    },
    {
      "date": "2015-10-01",
      "geo": "PL",
      "value": 92.77
    },
    {
      "date": "2015-11-01",
      "geo": "PL",
      "value": 87.05
    },
    {
      "date": "2015-12-01",
      "geo": "PL",
      "value": 95.38
    },
    {
      "date": "2016-01-01",
      "geo": "PL",
      "value": 79.03
    },
    {
      "date": "2016-02-01",
      "geo": "PL",
      "value": 85.48
    },
    {
      "date": "2016-03-01",
      "geo": "PL",
      "value": 85.91
    },
    {
      "date": "2016-04-01",
      "geo": "PL",
      "value": 98.05
    },
    {
      "date": "2016-05-01",
      "geo": "PL",
      "value": 96.09
    },
    {
      "date": "2016-06-01",
      "geo": "PL",
      "value": 103.89
    },
    {
      "date": "2016-07-01",
      "geo": "PL",
      "value": 92.21
    },
    {
      "date": "2016-08-01",
      "geo": "PL",
      "value": 91.21
    },
    {
      "date": "2016-09-01",
      "geo": "PL",
      "value": 87.97
    },
    {
      "date": "2016-10-01",
      "geo": "PL",
      "value": 90.99
    },
    {
      "date": "2016-11-01",
      "geo": "PL",
      "value": 85.56
    },
    {
      "date": "2016-12-01",
      "geo": "PL",
      "value": 94.56
    },
    {
      "date": "2017-01-01",
      "geo": "PL",
      "value": 83.2
    },
    {
      "date": "2017-02-01",
      "geo": "PL",
      "value": 96.65
    },
    {
      "date": "2017-03-01",
      "geo": "PL",
      "value": 103.71
    },
    {
      "date": "2017-04-01",
      "geo": "PL",
      "value": 107.48
    },
    {
      "date": "2017-05-01",
      "geo": "PL",
      "value": 109.88
    },
    {
      "date": "2017-06-01",
      "geo": "PL",
      "value": 110.94
    },
    {
      "date": "2017-07-01",
      "geo": "PL",
      "value": 108.35
    },
    {
      "date": "2017-08-01",
      "geo": "PL",
      "value": 101.1
    },
    {
      "date": "2017-09-01",
      "geo": "PL",
      "value": 100.33
    },
    {
      "date": "2017-10-01",
      "geo": "PL",
      "value": 98.47
    },
    {
      "date": "2017-11-01",
      "geo": "PL",
      "value": 88.65
    },
    {
      "date": "2017-12-01",
      "geo": "PL",
      "value": 88.08
    },
    {
      "date": "2018-01-01",
      "geo": "PL",
      "value": 86.82
    },
    {
      "date": "2018-02-01",
      "geo": "PL",
      "value": 88.52
    },
    {
      "date": "2018-03-01",
      "geo": "PL",
      "value": 104.62
    },
    {
      "date": "2018-04-01",
      "geo": "PL",
      "value": 102.38
    },
    {
      "date": "2018-05-01",
      "geo": "PL",
      "value": 103.68
    },
    {
      "date": "2018-06-01",
      "geo": "PL",
      "value": 102.15
    },
    {
      "date": "2018-07-01",
      "geo": "PL",
      "value": 97.57
    },
    {
      "date": "2018-08-01",
      "geo": "PL",
      "value": 101.77
    },
    {
      "date": "2018-09-01",
      "geo": "PL",
      "value": 97.5
    },
    {
      "date": "2018-10-01",
      "geo": "PL",
      "value": 107.13
    },
    {
      "date": "2018-11-01",
      "geo": "PL",
      "value": 97.7
    },
    {
      "date": "2018-12-01",
      "geo": "PL",
      "value": 93.33
    },
    {
      "date": "2019-01-01",
      "geo": "PL",
      "value": 89.91
    },
    {
      "date": "2019-02-01",
      "geo": "PL",
      "value": 81.9
    },
    {
      "date": "2019-03-01",
      "geo": "PL",
      "value": 89.31
    },
    {
      "date": "2019-04-01",
      "geo": "PL",
      "value": 99.52
    },
    {
      "date": "2019-05-01",
      "geo": "PL",
      "value": 111.82
    },
    {
      "date": "2019-06-01",
      "geo": "PL",
      "value": 106.11
    },
    {
      "date": "2019-07-01",
      "geo": "PL",
      "value": 110.36
    },
    {
      "date": "2019-08-01",
      "geo": "PL",
      "value": 105.9
    },
    {
      "date": "2019-09-01",
      "geo": "PL",
      "value": 108.33
    },
    {
      "date": "2019-10-01",
      "geo": "PL",
      "value": 110.93
    },
    {
      "date": "2019-11-01",
      "geo": "PL",
      "value": 93.65
    },
    {
      "date": "2019-12-01",
      "geo": "PL",
      "value": 92.25
    },
    {
      "date": "2020-01-01",
      "geo": "PL",
      "value": 87.44
    },
    {
      "date": "2020-02-01",
      "geo": "PL",
      "value": 92.83
    },
    {
      "date": "2020-03-01",
      "geo": "PL",
      "value": 103.83
    },
    {
      "date": "2020-04-01",
      "geo": "PL",
      "value": 97.07
    },
    {
      "date": "2020-05-01",
      "geo": "PL",
      "value": 98.92
    },
    {
      "date": "2020-06-01",
      "geo": "PL",
      "value": 104.46
    },
    {
      "date": "2020-07-01",
      "geo": "PL",
      "value": 100.95
    },
    {
      "date": "2020-08-01",
      "geo": "PL",
      "value": 92.42
    },
    {
      "date": "2020-09-01",
      "geo": "PL",
      "value": 100.6
    },
    {
      "date": "2020-10-01",
      "geo": "PL",
      "value": 109.76
    },
    {
      "date": "2020-11-01",
      "geo": "PL",
      "value": 105.2
    },
    {
      "date": "2020-12-01",
      "geo": "PL",
      "value": 126.77
    },
    {
      "date": "2021-01-01",
      "geo": "PL",
      "value": 105.03
    },
    {
      "date": "2021-02-01",
      "geo": "PL",
      "value": 113.3
    },
    {
      "date": "2021-03-01",
      "geo": "PL",
      "value": 129.88
    },
    {
      "date": "2021-04-01",
      "geo": "PL",
      "value": 129.53
    },
    {
      "date": "2021-05-01",
      "geo": "PL",
      "value": 140.74
    },
    {
      "date": "2021-06-01",
      "geo": "PL",
      "value": 142.3
    },
    {
      "date": "2021-07-01",
      "geo": "PL",
      "value": 140.86
    },
    {
      "date": "2021-08-01",
      "geo": "PL",
      "value": 139.36
    },
    {
      "date": "2021-09-01",
      "geo": "PL",
      "value": 141.24
    },
    {
      "date": "2021-10-01",
      "geo": "PL",
      "value": 143.71
    },
    {
      "date": "2021-11-01",
      "geo": "PL",
      "value": 135.32
    },
    {
      "date": "2021-12-01",
      "geo": "PL",
      "value": 148.28
    },
    {
      "date": "2022-01-01",
      "geo": "PL",
      "value": 123.5
    },
    {
      "date": "2022-02-01",
      "geo": "PL",
      "value": 118.3
    },
    {
      "date": "2022-03-01",
      "geo": "PL",
      "value": 129.83
    },
    {
      "date": "2022-04-01",
      "geo": "PL",
      "value": 132.59
    },
    {
      "date": "2022-05-01",
      "geo": "PL",
      "value": 136.76
    },
    {
      "date": "2022-06-01",
      "geo": "PL",
      "value": 128.77
    },
    {
      "date": "2022-07-01",
      "geo": "PL",
      "value": 95.1
    },
    {
      "date": "2022-08-01",
      "geo": "PL",
      "value": 80.35
    },
    {
      "date": "2022-09-01",
      "geo": "PL",
      "value": 68.98
    },
    {
      "date": "2022-10-01",
      "geo": "PL",
      "value": 58.51
    },
    {
      "date": "2022-11-01",
      "geo": "PL",
      "value": 55.05
    },
    {
      "date": "2022-12-01",
      "geo": "PL",
      "value": 55.59
    },
    {
      "date": "2023-01-01",
      "geo": "PL",
      "value": 46.45
    },
    {
      "date": "2023-02-01",
      "geo": "PL",
      "value": 48.39
    },
    {
      "date": "2023-03-01",
      "geo": "PL",
      "value": 58.29
    },
    {
      "date": "2023-04-01",
      "geo": "PL",
      "value": 61.96
    },
    {
      "date": "2023-05-01",
      "geo": "PL",
      "value": 64.47
    },
    {
      "date": "2023-06-01",
      "geo": "PL",
      "value": 70.55
    },
    {
      "date": "2023-07-01",
      "geo": "PL",
      "value": 67.92
    },
    {
      "date": "2023-08-01",
      "geo": "PL",
      "value": 71.2
    },
    {
      "date": "2023-09-01",
      "geo": "PL",
      "value": 80.01
    },
    {
      "date": "2023-10-01",
      "geo": "PL",
      "value": 94.71
    },
    {
      "date": "2023-11-01",
      "geo": "PL",
      "value": 98.95
    },
    {
      "date": "2023-12-01",
      "geo": "PL",
      "value": 107.67
    },
    {
      "date": "2024-01-01",
      "geo": "PL",
      "value": 109.37
    },
    {
      "date": "2024-02-01",
      "geo": "PL",
      "value": 113.27
    },
    {
      "date": "2024-03-01",
      "geo": "PL",
      "value": 116.88
    },
    {
      "date": "2024-04-01",
      "geo": "PL",
      "value": 102.14
    },
    {
      "date": "2024-05-01",
      "geo": "PL",
      "value": 91.35
    },
    {
      "date": "2024-06-01",
      "geo": "PL",
      "value": 90.27
    },
    {
      "date": "2024-07-01",
      "geo": "PL",
      "value": 93.51
    },
    {
      "date": "2024-08-01",
      "geo": "PL",
      "value": 92.77
    },
    {
      "date": "2024-09-01",
      "geo": "PL",
      "value": 88.64
    },
    {
      "date": "2024-10-01",
      "geo": "PL",
      "value": 91.42
    },
    {
      "date": "2024-11-01",
      "geo": "PL",
      "value": 89.46
    },
    {
      "date": "2024-12-01",
      "geo": "PL",
      "value": 89.41
    },
    {
      "date": "2025-01-01",
      "geo": "PL",
      "value": 82.88
    },
    {
      "date": "2025-02-01",
      "geo": "PL",
      "value": 81.69
    },
    {
      "date": "2025-03-01",
      "geo": "PL",
      "value": 88.1
    },
    {
      "date": "2025-04-01",
      "geo": "PL",
      "value": 85.78
    },
    {
      "date": "2025-05-01",
      "geo": "PL",
      "value": 92.31
    },
    {
      "date": "2025-06-01",
      "geo": "PL",
      "value": 91.9
    },
    {
      "date": "2025-07-01",
      "geo": "PL",
      "value": 108.41
    },
    {
      "date": "2025-08-01",
      "geo": "PL",
      "value": 99.59
    },
    {
      "date": "2025-09-01",
      "geo": "PL",
      "value": 110.28
    },
    {
      "date": "2025-10-01",
      "geo": "PL",
      "value": 112.2
    },
    {
      "date": "2025-11-01",
      "geo": "PL",
      "value": 106.66
    },
    {
      "date": "2025-12-01",
      "geo": "PL",
      "value": 116.43
    },
    {
      "date": "2026-01-01",
      "geo": "PL",
      "value": 96.16
    },
    {
      "date": "2026-02-01",
      "geo": "PL",
      "value": 108.09
    },
    {
      "date": "2026-03-01",
      "geo": "PL",
      "value": 126.46
    },
    {
      "date": "2026-04-01",
      "geo": "PL",
      "value": 136.19
    }
  ]
}