Home > Statistics > Prices of dwellings in housing companies > 2007 > 1st quarter > Prices of dwellings rose in January to March

Published: 30 April 2007

Prices of dwellings rose in January to March

According to preliminary data, prices of dwellings rose during the first quarter of 2007. The prices of dwellings in old blocks of flats rose by an average of 1.5 per cent in the whole country when compared with the previous quarter. In Greater Helsinki prices went up by 1.7 per cent and in the rest of Finland by 1.3 per cent. These data derive from the statistics on the prices of dwellings compiled by Statistics Finland on the basis of the Tax Administration's data. Preliminary data comprise roughly two-thirds of the transactions in dwellings in old blocks of flats and in terraced housing.

In Helsinki the prices of dwellings in old blocks of flats rose by 1.5 per cent, in Espoo by 2.9 per cent and in Vantaa by 1.8 per cent from the previous quarter. In Lahti prices went up by 0.9 per cent, in Turku by 0.8 per cent, in Kuopio by 0.6 per cent and in Jyväskylä by 0.3 per cent. Prices fell by 2.2 per cent in Oulu and by 0.9 per cent in Tampere

The prices of dwellings in old blocks of flats rose in the whole country by an average of 6.4 per cent from the year before. In Greater Helsinki prices went up by 7.7 per cent and in the rest of Finland by 5.0 per cent. According to final data, roughly 69,500 transactions in dwellings were completed in 2006, which is roughly 5 per cent down from 2005.

Real price index of dwellings in old blocks of flats by quarter
I/1970-I/2007, 1970=100 (according to the Cost-of-living index)

Unencumbered selling prices of dwellings in old blocks of flats
per square metre, index figures on1^st quarter 2007 and changes¹ on
4^th quarter 2006 and 1^st quarterand 1^st quarter 2006. Data is preliminary

Region	Average price, e/m2 2007/1	Index2 point figure 2007/1	Change of index % 2006/4-2007/1	Change of index % 2006/1-2007/1	Number of transactions 2007/1
Whole country	1,931	145.1	1.5	6.4	7,833
Greater Helsinki	2,906	149.6	1.7	7.7	2,770
Rest of country	1,422	140.7	1.3	5.0	5,063
Uusimaa	2,730	149.1	1.7	7.8	3,289
Itä-Uusimaa	1,746	164.2	8.0	12.3	53
Varsinais-Suomi	1,512	153.2	0.2	5.6	400
Satakunta	1,119	131.6	1.5	1.8	227
Kanta-Häme	1,349	139.4	3.7	4.0	224
Pirkanmaa	1,668	143.2	-0.7	4.3	888
Päijät-Häme	1,336	144.2	1.5	6.9	419
Kymenlaakso	1,054	138.3	0.3	5.3	394
South Karelia	1,378	134.2	1.8	2.1	202
Etelä-Savo	1,184	141.9	7.4	6.8	205
Pohjois-Savo	1,481	144.7	1.2	2.9	344
North Karelia	1,377	151.4	4.5	7.1	150
Central Finland	1,401	127.6	1.1	5.3	280
South Ostrobothnia	1,313	148.3	15.7	23.0	34
Ostrobothnia	1,274	128.1	2.7	6.9	133
Central Ostrobothnia	1,032	131.4	6.0	4.4	28
North Ostrobothnia	1,447	127.7	-2.0	-1.4	297
Kainuu	1,048	118.3	-2.1	0.6	95
Lapland	1,065	122.5	0.4	1.0	171
Helsinki 3	3,203	151.8	1.5	7.8	1,833
Helsinki-1	4,393	157.7	0.6	7.2	295
Helsinki-2	3,327	152.9	1.5	8.7	898
Helsinki-3	2,457	146.3	3.0	7.7	279
Helsinki-4	2,158	140.3	2.0	6.3	361
Espoo-Kauniainen	2,408	144.1	2.9	7.7	447
Vantaa	1,973	140.8	1.8	6.8	490
Surrounding muncipalities 4	1,712	142.7	2.1	7.0	406
Porvoo	1,934	164.9	6.7	9.3	37
Tampere	1,880	145.4	-0.9	3.4	646
Turku	1,687	160.2	0.8	6.1	183
Pori	1,177	132.4	0.6	0.1	138
Rauma	1,129	131.0	0.7	-0.9	68
Lappeenranta	1,573	138.0	1.3	3.1	151
Kotka	1,207	149.2	1.0	7.3	190
Kouvola	979	129.7	-2.3	0.2	127
Lahti	1,436	145.9	0.9	4.4	317
Hämeenlinna	1,617	144.5	2.9	4.0	127
Kuopio	1,752	148.2	0.6	0.4	214
Jyväskylä	1,640	130.2	0.3	6.2	180
Vaasa	1,374	128.2	1.9	5.4	96
Seinäjoki	..	..	..	..	..
Kokkola	1,064	135.5	6.5	5.8	23
Mikkeli	1,447	152.1	4.0	9.5	79
Joensuu	1,664	165.7	6.3	8.6	101
Oulu	1,534	129.0	-2.2	-2.4	213
Kajaani	1,086	122.3	-4.2	3.9	78
Rovaniemi	1,271	126.0	-1.4	6.0	96

¹ The change per cent is calculated by using the index point figure. Change can not be calculated directly from the
average price per square meter due to differences in the structures of the data.
² Nominal price index 2000=100
³ The division of Helsinki into regions is based on the classification of postal area codes. Precise division into regions is available on the Internet at www.tilastokeskus.fi/til/ashi/luo.html
⁴ Surrounding muncipalities = Hyvinkää. Järvenpää. Kerava. Kirkkonummi. Nurmijärvi. Riihimäki. Sipoo. Tuusula ja Vihti
.. = fewer than 20 completed transactions

Source: Price of dwellings 2007, 1st quarter. Statistics Finland

Inquiries: Ms Paula Paavilainen +358 9 1734 3397. Mr Petri Kettunen +358 9 1734 3558, asuminen.tilasto@stat.fi

Director in charge: Mr Kari Molnar

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Last updated 30.4.2007