Primary housing market in Elblag from 2008 till the first quarter of 2012 – selected aspects

National housing market is one of the first business branches which suffered an economic slowdown due to the global economic crisis started in United States of America in 2007. In this study author presents a situation of the primary housing market in Elblag and evaluates its development prospects in upcoming years. The research hypothesis is that the external factors related to the macroeconomic issues and Elblag’s internal problems, cause constant decline in prices of new housing, similarly to other Polish cities. To confirm the presented hypothesis and the evaluation of development possibilities, the author studies housing transaction price fluctuations for the properties built and sold by developers from 2008 till the first quarter of 2012. He also analyse demographic situation of the city, mortgages market and changes in GDP and GDP per capita over the past few years.