Home > Statistics > Real estate prices > 2020 > 3rd quarter > Prices of old single-family houses grew by 2.8 per cent year-on-year in July to September

Published: 4 December 2020

Prices of old single-family houses grew by 2.8 per cent year-on-year in July to September

In the third quarter of 2020, prices of old single-family houses went up by 2.8 per cent from the previous year. In Greater Helsinki, prices went up by 5.3 per cent and in the rest of the country by 2.5 per cent. Compared with the previous quarter, prices of old single-family houses increased by 1.7 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. The statistics cover single-family houses located on own plot.

Development of prices in old single-family houses, index 2015=100

In the whole country, the average price per square metre of old single-family houses was EUR 1,647 in the third quarter of 2020. In Greater Helsinki, the average price per square metre of single-family houses was EUR 3,402. In the rest of the country, the average price per square metre was EUR 1,518.

In the third quarter of 2020, prices of single-family house plots increased by 7.4 per cent in the whole country from the year before. From the previous quarter, prices of plots increased by 2.8 per cent. The average price per square metre for a single-family house plot was EUR 20.6 and the average size of sold plots was 2,991 square metres.

In the third quarter of the current year, over three per cent more transactions of old single-family houses were made than in the corresponding period of last year. In Greater Helsinki around six per cent more transactions were made and in the rest of Finland slightly over three per cent more.

In the third quarter of 2020, altogether 28 per cent more transactions of single-family house plots were made than in the corresponding period of the previous year. In Greater Helsinki, the number of transactions remained unchanged and in the rest of the country it increased by 31 per cent.

Source: Real estate prices, Statistics Finland

Inquiries: Petri Kettunen 029 551 3558, Anu Rämö 029 551 3450, asuminen.hinnat@stat.fi

Head of Department in charge: Hannele Orjala

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Appendix tables

• Appendix table 1. Price index for old single-family houses, 3rd quarter 2020 (4.12.2020)
• Appendix table 2. Price index for single-family house plots, 3rd quarter 2020 (4.12.2020)

Figures

• Appendix figure 1. Price development for single-family house plots, index 2015=100 (4.12.2020)

Quality descriptions

• Quality description: Real estate prices (4.12.2020)

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Updated 4.12.2020