Rise in the prices of old dwellings in housing companies slowed down in large towns in the second quarter of 2022

Statistics:

Prices of dwellings in housing companies

Reference period:

30.6.2022

Published:

29/07/2022

Next release:

28/10/2022

Publication type:

review

According to Statistics Finland's preliminary data, prices of old dwellings in housing companies rose in April to June 2022 by 1.7 per cent in the whole country compared to the previous year and by 1.1 per cent compared to the previous quarter. Prices of dwellings rose in various parts of Finland in the second quarter year-on-year, but the rise has slowed down especially in large towns, except for Tampere. Eleven per cent fewer transactions of old dwellings in housing companies were made through real estate agents in the second quarter and nine per cent fewer in June 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 from year before except in Vantaa and Turku.

Tables

See key statistical data in the tables.

29.07.2022

Development of prices and prices per square metre of old dwellings in housing companies, June 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
2,982	106.6	-0.3	1.2	4,299	3,730

29.07.2022

Development of prices and prices per square metre of old dwellings in housing companies, 2nd 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
2,994	106.5	1.1	1.7	11,946

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. Transactions made through real estate agents 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.

29.07.2022

Development of prices of new dwellings in housing companies, 2nd quarter 2022, index 2020=100

	Index (2015=100)	Quarterly change (index 2015=100)	Annual change (index 2015=100)	Number
Whole country	126.1	0.0	3.7	1,491
Greater Helsinki	129.6	-0.9	3.2	383
Whole country excluding Greater Helsinki	122.8	1.1	4.5	1,108
Helsinki	130.6	-3.0	4.1	128
Espoo-Kauniainen	138.9	1.2	2.3	159
Vantaa	121.1	0.6	4.2	96
Turku	118.4	0.8	1.2	98
Tampere	136.1	1.7	9.6	170
Jyväskylä	125.6	8.9	6.6	58
Oulu	125.6	-0.4	1.6	205

Background information

Documentation

Referencing instructions

Statistical experts

Inquiries primarily

asuminen.hinnat@stat.fi

Petri Kettunen

Statistician

029 551 3558

External link Twitter@p_kettunen

Other experts

Head of Department in charge