Prices of old one-dwelling houses continued to fall in the early part of 2023

release | Real estate prices 2023, 1st quarter

Correction

Database table of the statistics on real estate statistics corrected.
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Correction

Release of the statistics on real estate statistics corrected
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Change

New database tables are published and old database tables are archived in the statistics on real estate prices.
Read more about the change

Change

Statistics on real estate prices were renewed as concerns price indices of single-family houses.
Read more about the change

According to Statistics Finland, prices of old one-dwelling houses fell by 7.0 per cent in the first quarter of 2023 from the previous year and by 3.0 per cent from the previous quarter. In January to March 2023, around 35 per cent fewer transactions of old one-dwelling houses were made than in the corresponding period one year earlier.

Key selections

  • Prices of old one-dwelling houses fell especially in municipalities with 20,000 to 59,999 inhabitants. Prices fell less in the municipalities with over 100,000 inhabitants.
  • Prices of one-dwelling house plots fell by 3.6 per cent in the whole country from the year before.
  • Fifty-two per cent fewer transactions of one-dwelling house plots were made than in the corresponding period of the previous year.
  • Around 46 per cent fewer transactions of old one-dwelling houses were made in municipalities with over 100,000 inhabitants than in the corresponding period one year earlier.
  • Prices of new one-dwelling houses rose by 7.9 per cent from the previous year and by 0.9 per cent from the previous quarter.

Change

New database tables are published and old database tables are archived in the statistics on real estate prices.
Read more about the change

Change

Statistics on real estate prices were renewed as concerns price indices of single-family houses.
Read more about the change

Database tables

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Updated database tables
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  • Index items of price index of new detached houses 2022=100
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    Future releases

    Documentation

    Description of the production, used methods and quality of the statistics.

    Go to documentation of the statistics

    Referencing instructions

    Official Statistics of Finland (OSF): Real estate prices [online publication].
    Reference period: 2023, 1st quarter. ISSN=2342-8902. Helsinki: Statistics Finland [Referenced: 15.11.2024].
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    Statistical experts

    Inquiries primarily

    Petri Kettunen
    Statistician
    029 551 3558

    Other experts

    Anu Rämö
    Senior Statistician
    029 551 3450

    Head of Department in charge

    Hannele Orjala
    Head of Department in charge
    029 551 3582