Statistics on real estate prices were renewed as concerns price indices of single-family houses
Date of change:Statistcs: real estate prices
Date of change: 17.05.2023
Information about the change
The price indices of old and new single-family houses used in the statistics on real estate prices were renewed.
The weight structure, regional classification and base year used in the price index of old single-family houses were remodelled. The new base year is 2020=100. In addition, the calculation method of the index was reviewed so that the weights and the quality standardisation coefficients of the hedonic method will in future be updated yearly, which improves the quality of the index.
New categories in the regional classification are the six largest towns and the whole country exclusive of the six largest towns. The previously published base years (2015=100, 2010=100, 1985=100) for the index of old single-family houses and plots are continued by chaining them with changes according to the 2020=100 indices starting from the first quarter of 2023.
The product and weight structure was renewed in the price index of newly built single-family houses. The new base year is 2022=100. The new index is published on a more detailed level than before. The so-called prefabricated house index and its sub-indices are published especially as new.
The most significant change in the weight structure of the price index of newly built single-family houses can be seen in the clear growth in professional construction of single-family houses relative to own-account building.
Further information:
Price index of old single-family houses
Anu Rämö +358 29 551 3450
Price index of newly built single-family houses
Jose Lahtinen +358 29 551 3776