Published: 28 November 2018

Rise in the prices of old dwellings in housing companies evened out in Helsinki

According to Statistics Finland’s preliminary data, prices went down by 1.3 per cent in Greater Helsinki and by 0.8 per cent in the rest of the country from September to October. In Helsinki and Oulu prices remained nearly unchanged. Prices went up by more than three per cent in Tampere and Turku. In Espoo prices went down by 3.7 per cent and in Vantaa by 2.3 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

Compared with the corresponding period of the year before, prices went up by three per cent in Greater Helsinki and fell by two per cent in the rest of Finland. Prices went up most in Tampere, by around seven per cent, and in Helsinki, by four per cent.

In October 2018, the average price per square metre of an old dwelling in a housing company was EUR 3,625 in Greater Helsinki and EUR 1,631 elsewhere in the country. In Helsinki the average price per square metre was EUR 4,195 and in Oulu EUR 1,801.

According to data available to Statistics Finland, 48,217 transactions of old dwellings in housing companies were made in the whole country in January to October. The number of transactions was 13,895 in Greater Helsinki and 34,003 in the rest of Finland. In the corresponding period of last year, 48,992 transactions were recorded in the whole country. In Greater Helsinki, the number of transactions was 14,398 and in the rest of Finland 34,594.

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 reference 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. Further information about data revisions can be found in 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

Publication in pdf-format (323.2 kB)

Tables

Tables in databases

Appendix tables

Quality descriptions
Revisions in these statistics

Updated 28.11.2018

Referencing instructions:

Official Statistics of Finland (OSF): Prices of dwellings in housing companies [e-publication].
ISSN=2323-8801. October 2018. Helsinki: Statistics Finland [referred: 19.12.2018].
Access method: http://www.stat.fi/til/ashi/2018/10/ashi_2018_10_2018-11-28_tie_001_en.html