Published: 4 December 2018

Prices of old single-family houses fell by 2.9 per cent year-on-year in July to September

In the third quarter of 2018, prices of old single-family houses fell by an average of 2.9 per cent from the previous year in the whole country. In Greater Helsinki, prices went down by 4.5 per cent and in the rest of the country by 2.8 per cent. Compared with the previous quarter, prices of old single-family houses decreased by an average of 2.4 per cent. 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 2015=100

Development of prices in old detached houses, index 2015=100

In the whole country, the average price per square metre of old single-family houses was EUR 1,492 in the third quarter of 2018. In Greater Helsinki, the average price per square metre of single-family houses was EUR 3,050. In the rest of the country, the average price per square metre was EUR 1,414.

In the third quarter of 2018, prices of detached house plots increased by 5.5 per cent in the whole country from the year before. From the previous quarter, prices of plots fell by 3.6 per cent. The average price per square metre for a single-family house plot was EUR 22 in the whole country and the average plot size of sold plots was 2,925 square metres.

In the third quarter of 2018, prices of new single-family houses rose by 4.0 per cent from the previous year in the whole country. Compared with the previous quarter, prices rose by 0.7 per cent. The data for new single-family houses are based on the building cost 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, Johanna Vuorio 029 551 3012, asuminen.hinnat@stat.fi

Director in charge: Mari Ylä-Jarkko

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Updated 4.12.2018

Referencing instructions:

Official Statistics of Finland (OSF): Real estate prices [e-publication].
ISSN=2342-8902. 3rd quarter 2018. Helsinki: Statistics Finland [referred: 19.12.2018].
Access method: http://www.stat.fi/til/kihi/2018/03/kihi_2018_03_2018-12-04_tie_001_en.html