Published: 30 October 2018

Prices of old dwellings in housing companies decreased in the third quarter

According to Statistics Finland's preliminary data, prices of old dwellings in housing companies fell in the whole country by 0.6 per cent in the third quarter of 2018 from the previous quarter. Prices went down by 0.8 per cent in Greater Helsinki and by 0.4 per cent in the rest of Finland. Compared with the corresponding period of 2017, prices rose by 0.7 per cent in the whole country. In Greater Helsinki, prices went up by 2.2 per cent, while in the rest of Finland they went down by 0.7 per cent.

Development of prices of old dwellings in housing companies quarterly, index 2015=100

Development of prices of old dwellings in housing companies quarterly, index 2015=100

In July to September, the average price per square metre of an old dwelling in a housing company was EUR 2,082 in the whole country, EUR 3,666 in Greater Helsinki and EUR 1,612 elsewhere in the country.

Prices of new dwellings in blocks of flats and terraced houses grew by 0.8 per cent in the whole country compared with the previous quarter. In Greater Helsinki, prices went up by 3.8 per cent, while in the rest of Finland they went down by 0.9 per cent.

Compared with the same period in 2017, prices of new units in housing companies rose by 2.3 per cent in the whole country. Prices went up by 4.3 per cent in Greater Helsinki and by 1.2 per cent in the rest of Finland. The average price per square metre of new units in housing companies was EUR 3,773 in the whole country, EUR 4,962 in Greater Helsinki and EUR 3,354 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 increased in September

According to Statistics Finland’s preliminary data, prices of dwellings in old blocks of flats and terraced houses went up by 0.7 per cent in the whole country from August to September. Prices went up by 0.9 per cent in Greater Helsinki and by 0.5 per cent in the rest of Finland. Compared with September 2017, prices rose by 1.2 per cent in the whole country. In Greater Helsinki, prices went up by 3.6 per cent, while in the rest of Finland they went down by one per cent.

Development of prices of old dwellings in housing companies by month, index 2015=100

Development of prices of old dwellings in housing companies by month, index 2015=100

In September 2018, the average price per square metre of an old dwelling in a housing company was EUR 2,081 in the whole country, EUR 3,615 in Greater Helsinki and EUR 1,621 elsewhere in the country.

According to data available to Statistics Finland, 42,330 transactions of old dwellings in housing companies were made in the whole country in January to September. The number of transactions was 12,223 in Greater Helsinki and 29,813 in the rest of Finland. In the corresponding period of last year, 43,272 transactions were recorded in the whole country. In Greater Helsinki, the number of transactions was 12,698 and in the rest of Finland 30,574.

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. It is not recommended to use the latest month’s number of transactions when describing the activeness of trading.


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: Mari Ylä-Jarkko

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Updated 30.10.2018

Referencing instructions:

Official Statistics of Finland (OSF): Prices of dwellings in housing companies [e-publication].
ISSN=2323-8801. September 2018. Helsinki: Statistics Finland [referred: 21.11.2018].
Access method: http://www.stat.fi/til/ashi/2018/09/ashi_2018_09_2018-10-30_tie_001_en.html