Prices of old dwellings in housing companies continued to fall in February 2023

release 28/03/2023 | Prices of dwellings in housing companies 2023, February

According to Statistics Finland's preliminary data, prices of old dwellings in housing companies decreased throughout Finland in February. In the whole country, prices fell by 5.2 per cent from the previous year but increased by 1.2 per cent from January. Of large towns, prices fell most in Helsinki, Vantaa and Espoo.

Line chart on the price index of old dwellings, the base year of which is 2020. In the chart the areas are Helsinki, Espoo, Vantaa, Tampere and the whole country excluding large towns. According to preliminary data, prices increased from the previous month in large towns except for Tampere.

Key points

Prices of old dwellings in housing companies fell by 6.1 per cent in Greater Helsinki in February from the previous year. Prices went up by 1.2 per cent from the previous month.
Prices fell by 5.5 per cent year-on-year in the six largest towns. Prices went down by 4.4 per cent outside large towns.
Prices of dwellings in blocks of flats fell in the whole country by 5.8 per cent and prices of dwellings in terraced houses by 3.7 per cent compared to one year ago.
Among large towns, prices of dwellings fell least in Oulu and Turku.
In February, 32 per cent fewer sales of old dwellings in blocks of flats and terraced houses were made through real estate agents than one year earlier.