Home > Statistics > Prices of dwellings in housing companies > 2009 > 2nd quarter > Dwelling prices show signs of recovery in April–June

Published: 30 July 2009

Dwelling prices show signs of recovery in April–June

According to preliminary data, in April–June the prices of old blocks of flats and terraced houses rose by 3.9 per cent in the whole country from the previous quarter. In Greater Helsinki the prices rose by 5.8 per cent and elsewhere in the country by 2.3 per cent. Compared to the corresponding period of the year before, the prices of old dwellings in housing companies fell by 2.8 per cent in the whole country. In Greater Helsinki, the prices went down by 3.7 and elsewhere in the country by 2.1 per cent.

The average price for old dwelling per square metre was in April–June EUR 1,931 in the whole country, EUR 2,887 in Greater Helsinki and EUR 1,500 elsewhere in the country. These data derive from the statistics on the prices of dwellings compiled by Statistics Finland on the basis of the Tax Administration’s data. The preliminary data comprise roughly two-thirds of completed transactions in dwellings in old blocks of flats and in terraced houses.

In the second quarter of 2009, the prices of dwellings in new blocks of flats and terraced houses fell by 1.0 per cent from the previous quarter in the whole country. In Greater Helsinki the prices went up by 1.6 per cent, meanwhile in the rest of Finland prices went down by 2.4 per cent. The average price per square metre of new dwellings was EUR 2,738 in the whole country, EUR 3,525 in Greater Helsinki and EUR 2,454 in the rest of Finland. From previous year the prices in new blocks of flats and terraced houses went down by 4.5 per cent. In Greater Helsinki the prices went down by 0.7 per cent and in the rest of country 6.5 per cent. The data are based on the price information of the largest building contractors and estate agents.

Real price index of dwellings in old blocks of flat quarterly I/1970 — II/2009, index 1970=100

Source: Prices of dwellings, Statistics Finland

Inquiries: Petri Kettunen (09) 1734 3558, Paula Paavilainen (09) 1734 3397

Director in charge: Kari Molnar

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Reviews

• 1.Prices of blocks of flats went up in second quarter (30.7.2009)
• 2. Prices of terraced houses went up in second quarter (30.7.2009)
• 3. Changes in House Prices, Wages and Consumer Prices (30.7.2009)

Tables

Tables in databases

Pick the data you need into tables, view the data as graphs, or download the data for your use.

• Database tables and their variables
• Archived tables

Figures

• 1. Average prices per square metre of dwellings in old blocks of flats from year 2005 (30.7.2009)
• 2. Average prices per square metre of dwellings in old terraced houses from year 2005 (30.7.2009)
• 3. Price development of old and new dwellings (30.7.2009)

Quality descriptions

• Quality Description (30.7.2009)

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Updated 30.07.2009