Published: 28 July 2017

Prices of old dwellings in housing companies rose in the second quarter

According to Statistics Finland's preliminary data, prices of old dwellings in housing companies rose in the whole country by 1.5 per cent in the second quarter of 2017 from the previous quarter. Prices went up by 1.9 per cent in Greater Helsinki and by 1.2 per cent in the rest of Finland. Compared with the corresponding period of 2016, prices rose by 1.2 per cent in the whole country. In Greater Helsinki, prices rose by 2.7 per cent and in the rest of Finland they remained nearly unchanged.

Development of prices of old dwellings in housing companies quarterly, index 2010=100

Development of prices of old dwellings in housing companies quarterly, index 2010=100

In April to June, the average price per square metre of an old dwelling in a housing company was EUR 2,348 in the whole country, EUR 3,757 in Greater Helsinki and EUR 1,717 elsewhere in the country.

Prices of new dwellings in blocks of flats and terraced houses fell by 0.6 per cent in the whole country compared with the previous quarter. In Greater Helsinki, prices went down by 0.9 per cent, and in the rest of the country by 0.5 per cent.

Compared with the same period in 2016, prices of new units in housing companies rose by 4.5 per cent in the whole country. Prices went up by 8.0 per cent in Greater Helsinki and by 2.5 per cent in the rest of Finland. The average price per square metre of new units in housing companies was EUR 3,688 in the whole country, EUR 5,037 in Greater Helsinki and EUR 3,212 in the rest of the country.

The information on old dwellings derive from the statistics on the prices of dwellings in housing companies compiled by Statistics Finland from the Tax Administration’s data. The preliminary data cover roughly two-thirds of completed transactions in old dwellings in blocks of flats and terraced houses. The data on new dwellings in blocks of flats are based on information on the transaction prices of the largest building contractors and estate agents. More detailed price data on dwellings in housing companies are available at http://tilastokeskus.fi/til/ashi/tau_en.html .

Prices of units in housing companies almost unchanged in June

According to Statistics Finland’s preliminary data, prices of dwellings in old blocks of flats and terraced houses went up by 0.1 per cent in the whole country from May to June. In Greater Helsinki, prices rose by 0.3 per cent and in the rest of the country they remained unchanged. Compared with June 2016, prices grew by 2.0 per cent in the whole country. Prices went up by 3.4 per cent in Greater Helsinki and by 0.8 per cent in the rest of Finland.

Development of prices of old dwellings in housing companies by month, index 2010=100

Development of prices of old dwellings in housing companies by month, index 2010=100

In June 2017, the average price per square metre of an old dwelling in a housing company was EUR 2,320 in the whole country, EUR 3,715 in Greater Helsinki and EUR 1,696 elsewhere in the country.

When the monthly statistics on prices of dwellings in housing companies are published they cover approximately 50 per cent of all transactions made in the latest statistical month. The monthly data become revised during the following months so that the final data for the year are published in the release concerning the first quarter of the following year. For further information about data revisions, see separate tables.


Source: Prices of dwellings in housing companies, Statistics Finland

Inquiries: Petri Kettunen 029 551 3558, Elina Vuorio 029 551 3385, asuminen.hinnat@stat.fi

Director in charge: Sami Saarikivi

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Updated 28.7.2017

Referencing instructions:

Official Statistics of Finland (OSF): Prices of dwellings in housing companies [e-publication].
ISSN=2323-8801. June 2017. Helsinki: Statistics Finland [referred: 17.8.2017].
Access method: http://www.stat.fi/til/ashi/2017/06/ashi_2017_06_2017-07-28_tie_001_en.html

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