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Latest publication: Real estate prices 2019, 3rd quarter

Published: 5 December 2016

Prices of old detached houses grew by 3.1 per cent year-on-year in July to September

In the third quarter of 2016, prices for old single-family houses grew by an average of 3.1 per cent from the previous year in the whole country. In Greater Helsinki, prices went up by 9.6 per cent and in the rest of the country by 2.2 per cent compared with the corresponding period of the previous year. Compared with the previous quarter, prices of old dwellings in detached houses increased by an average of 0.5 per cent in the whole country. These data derive from Statistics Finland’s Index of real estate prices, which is compiled by utilising data from the real estate transaction register of the National Land Survey of Finland.

Development of prices in old detached houses, index 2005=100

Development of prices in old detached houses, index 2005=100

In the whole country, the average price per square metre of old single-family houses was EUR 1,543 in the third quarter of 2016. In Greater Helsinki, the average price per square metre of single-family houses was EUR 3,196. In the rest of the country, the average price per square metre was EUR 1,472.

In the third quarter of 2016, prices of detached house plots increased by 9.8 per cent in the whole country from the year before. From the previous quarter, prices of plots decreased by 3.0 per cent. The average price per square metre for a single-family house plot was EUR 28.2 in the whole country and the average plot size was 2,059 square metres.

In the third quarter of 2016, prices for new single-family houses rose by an average of 1.4 per cent from the previous year in the whole country. Compared with the previous quarter, prices rose by 0.2 per cent. The data for new detached houses are based on the building price index and price data describing professional and own-account construction.

Development of prices in new detached houses, index 2010=100

Development of prices in new detached houses, index 2010=100

Source: Real estate prices, Statistics Finland

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

Director in charge: Ville Vertanen

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Updated 5.12.2016

Referencing instructions:

Official Statistics of Finland (OSF): Real estate prices [e-publication].
ISSN=2342-8902. 3rd quarter 2016. Helsinki: Statistics Finland [referred: 27.1.2020].
Access method: http://www.stat.fi/til/kihi/2016/03/kihi_2016_03_2016-12-05_tie_001_en.html