Prices of old single-family houses rose by 2.1 % year-on-year in January to March 2022

release 18/05/2022 | Real estate prices 2022, 1st quarter

According to Statistics Finland, prices of old one-dwelling houses rose by 2.1 per cent in the whole country in the first quarter of 2022 from the previous year. Compared to the previous quarter, prices of old one-dwelling houses went up by 1.0 per cent. In the early part of 2022, around 10 per cent fewer transactions of old one-dwelling houses were made than in the corresponding period one year earlier.

A line chart by area describing the price development of old one-dwelling houses by quarter from 2015 to the first quarter of 2022, 2015=100. In municipalities of over 100,000 inhabitants, the prices of old one-dwelling houses grew by 4.1 per cent and in municipalities of 20,000 to 59,999 inhabitants by 4.3 per cent from the year before. Prices fell by 1.3 per cent in municipalities with a population of 60,000 to 100,000. In municipalities of under 20,000 inhabitants prices remained almost unchanged from one year ago.

Key points

Prices of old one-dwelling houses rose by 2.1 per cent in the whole country from the previous year.
Compared to the previous quarter, prices of old one-dwelling houses went up by 1.0 per cent.
Prices of one-dwelling house plots rose by 10.3 per cent in the whole country from the year before.
Around 10 per cent fewer transactions were made in old one-dwelling houses than in the corresponding period of the year before.

Statistics used in the release

Real estate prices

Tables

See key statistical data in the tables.

18.05.2022

Price index (2015=100) for old single-family houses, 1st quarter 2022

	Price per square meter (EUR/m2)	Index	Quarterly change, %	Annual change, %	Number of sales
Whole country	1,722	104.0	1.0	2.1	3,329
Greater Helsinki	3,546	118.1	-5.5	4.0	165
Whole country - Greater Helsinki	1,598	102.5	1.8	1.9	3,164
Satellite municipalities	2,361	112.1	-1.0	1.0	260
Over 100 000 inhabitants	2,474	113.3	-1.8	4.1	544
60 000 - 100 000 inhabitants	1,388	97.3	-2.1	-1.3	364
20 000 - 59 999 inhabitants	1,834	105.4	1.9	4.3	1,036
Under 20 000 inhabitants	1,336	99.6	2.9	0.3	1,385
Southern Finland	2,025	107.6	-1.4	1.9	1,557
Western Finland	1,509	100.3	2.7	1.8	972
Eastern Finland	1,320	99.1	2.8	1.4	361
Northern Finland	1,399	103.8	4.9	4.2	439

18.05.2022

Price index (2015=100) for single-family house plots, 1st quarter 2022

	Price per square meter (EUR/m2)	Index	Quarterly change, %	Annual change, %	Number of sales
Whole country	25.6	119.3	3.8	10.3	933
Greater Helsinki	204.2	138.6	-1.3	17.6	56
Whole country - Greater Helsinki	19.8	113.3	5.6	7.9	877
Satellite municipalities	41.7	124.1	2.4	13.5	108
Over 100 000 inhabitants	68.5	129.4	0.0	10.9	182
20 000 - 100 000 inhabitants	24.8	111.3	3.8	13.1	366
Under 20 000 inhabitants	13.5	118.4	9.5	5.0	385
Southern Finland	38.6	123.9	1.9	13.4	429
Western Finland	19.5	118.0	17.0	19.1	275
Eastern Finland	7.8	87.7	9.9	-14.1	59
Northern Finland	14.6	114.7	-19.9	-14.4	170