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Housing and construction Prices and consumption

Prices of old dwellings in housing companies rose in large towns and outside them in the early part of 2022

review 20/05/2022 | Prices of dwellings in housing companies 31.3.2022

According to Statistics Finland's preliminary data, prices of old dwellings in housing companies rose in January to March 2022 by 3.4 per cent in the whole country compared to the previous year and by 0.7 per cent compared to the previous quarter. Prices went up in the first quarter and in March compared to the corresponding period of the previous year in large towns and outside them. Six per cent fewer transactions of dwellings in housing companies were made through real estate agencies in the first quarter and 11 per cent fewer in March than in the corresponding period in 2021.

A line chart showing the monthly index of old dwellings in housing companies, the base year is 2020. The figure shows the six largest towns and the whole country without large towns. According to preliminary data, prices have risen in all areas.

Change

Changes in database tables in these statistics. New tables will be published on 20 May 2022 and old tables will be transferred to the archive

Change

The statistics on prices of dwellings in housing companies were reviewed as concerns prices of old dwellings in housing companies.

Statistics used in the review

Prices of dwellings in housing companies

Figures

See key statistical data in the figures.

20.05.2022

Annual change of prices of old dwellings in housing companies by regions, per cent

20.05.2022

Annual change of prices of old dwellings in housing companies in cities, per cent

20.05.2022

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

Tables

See key statistical data in the tables.

20.05.2022

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

	2015	2016	2017	2018	2019	2020	2021
Whole country excluding Greater Helsinki	100.0	100.3	99.7	99.2	97.6	96.6	98.7
Whole country excluding major cities	100.0	99.6	98.2	96.3	93.8	91.4	92.5
Helsinki 1	100.0	105.1	110.6	116.8	122.3	127.5	137.8
Helsinki 2	100.0	103.7	108.1	113.5	117.5	124.3	130.3
Helsinki 3	100.0	103.0	105.9	108.6	110.5	116.6	123.8
Helsinki 4	100.0	100.2	102.0	103.6	104.8	106.1	110.9
Espoo-Kauniainen 1	100.0	100.9	103.7	106.4	108.8	113.9	120.5
Espoo-Kauniainen 2	100.0	101.2	103.2	104.9	105.0	107.1	113.3
Espoo-Kauniainen 3	100.0	100.7	102.5	103.8	104.4	106.9	113.0
Vantaa 1	100.0	100.6	102.6	104.0	106.4	107.4	110.2
Vantaa 2	100.0	101.0	101.6	104.8	104.6	105.9	108.6
Vantaa 3	100.0	100.2	99.3	98.6	99.0	100.3	103.1
Turku 1	100.0	105.1	109.1	114.1	117.5	121.4	127.4
Turku 2	100.0	103.5	105.9	111.2	113.7	116.0	122.3
Turku 3	100.0	100.5	102.0	102.6	104.7	107.3	113.9
Tampere 1	100.0	103.3	104.8	110.7	112.4	117.8	123.8
Tampere 2	100.0	101.3	101.6	103.9	103.2	104.5	110.9
Tampere 3	100.0	100.2	101.2	103.3	104.1	105.7	110.1
Oulu 1	100.0	100.5	101.0	100.6	102.0	100.8	103.1
Oulu 2	100.0	101.6	101.8	102.4	100.7	101.7	103.1

20.05.2022

Development of prices and prices per square metre of old dwellings in housing companies, March 2022, index 2020=100

Price per square meter (EUR/m2)	Index (2020=100)	Monthly change (index 2020=100)	Annual change (index 2020=100)	Number of sales, real estate agents	Number of sales, asset transfer tax data
2,979	107.1	0.9	3.8	4,793	4,126

20.05.2022

Development of prices and prices per square metre of old dwellings in housing companies, 1st quarter 2022, index 2020=100

Region

Building type

Number of rooms

Price per square meter (EUR/m2)	Index (2020=100)	Quarterly change (index 2020=100)	Annual change (index 2020=100)	Number of sales, asset transfer tax data
2,907	105.7	0.7	3.4	12,773

Prices per square metre are weighted arithmetic averages of square metre prices (EUR/m²). Prices per square metre describe regional differences in price levels and they should not be used to calculate price change. The data on numbers describe asset transfer tax statements received from the Tax Administration by the time of release in the area. The data on numbers of old dwellings in housing companies will become revised in the following releases. Final data for the year are published when all the transfer tax statements are received from the Tax Administration, normally in May. The latest months number of transactions should not be used when describing the activeness of trading. The number of transactions include transactions of price controlled HITAS dwellings and Housing Finance and Development Centre ARA dwellings in the area that are not included in the price indices and prices per square metre. HITAS and government-subsidised dwellings and the above-mentioned outlier observations are excluded from the calculation of prices per square metre and indices.

20.05.2022

Development of prices of old dwellings in housing companies 2021, index 2020=100

Region

Building type

Number of rooms

Index (2020=100)	Annual change (index 2020=100)	Number of sales, asset transfer tax data
104.1	4.1	82,865

The data on numbers describe asset transfer tax statements received from the Tax Administration by the time of release in the area. The data on numbers of old dwellings in housing companies will become revised in the following releases. Final data for the year are published when all the transfer tax statements are received from the Tax Administration, normally in May. The latest months number of transactions should not be used when describing the activeness of trading. The number of transactions include transactions of price controlled HITAS dwellings and Housing Finance and Development Centre ARA dwellings in the area that are not included in the price indices and prices per square metre. HITAS and government-subsidised dwellings and the above-mentioned outlier observations are excluded from the calculation of prices per square metre and indices.

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Background information

Documentation

Referencing instructions

Statistical experts

Inquiries primarily

asuminen.hinnat@stat.fi

Petri Kettunen

Statistician

029 551 3558

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