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2. Prices of terraced houses went up in first quarter

According to preliminary data prices of old blocks of flats went up by an average 2.7 per cent in whole country, in Greater Helsinki by 3.5 per cent and in the rest of country 2.2 per cent from previous quarter. Average prices of dwelling in old terraced house was EUR 3,101 in Greater Helsinki and EUR 1,601 in the rest of the country.

In Helsinki prices went up by 3.0 per cent, in Espoo-Kauniainen by 3.8 per cent and in Vantaa by 4.1 per cent. In Tampere prices went up by 4.8 per cent, in Jyväskylä by 3.6 per cent and in Lahti 0.2 per cent from previous quarter. In Kuopio prices went up by 2.9 per cent and in Oulu by 1.8 per cent. In Turku prices went down by 0.4 per cent. Average prices per square metre of apartment in old terraced house was EUR 3191 in Helsinki, EUR 2,137 in Tampere and EUR 1,613 in Oulu. From cities belong to the statistics the cheapes average price per square metre, as well as for blocks of flats, was EUR 1,306 in Kouvola.

From first quarter of 2009 the prices of dwellings in old terraced houses went up in the whole country on an average by 10.5 per cent. In Greater Helsinki prices went up 15.6 per cent and in the rest of country prices went up by 7.5 per cent. In Helsinki prices went up by 16.2 per cent,, in Espoo-Kauniainen by 16.8 per cent and in Vantaa by 11.9 per cent. Prices went up in Turku by 9.0 per cent, in Tampere by 8.5 per cent, in Lahti by 6.5 per cent, in Jyväskylä by 9.5 per cent, in Kuopio by 6.2 per cent and in Oulu by 8.5 per cent. Prices went down in Kotka by 7.4 per cent, in Rovaniemi by 6.5 per cent and in Kokkola by 2.2 per cent.

The prices of dwellings in new terraced houses went up in the whole country by 5.7 per cent from previous quarer. In Greater Helsinki prices went up by 9.8 per cent and in the rest of country by 4.3 per cent. Prices went up most in East Finland by 17.5 per cent, meanwhile they went down in Western Finland by 1.1 per cent. The average price of dwelling was EUR 3,506 in Greater Helsinki and EUR 2,322 in the rest of country.

From the year before the prices of dwellings in new terraced house prices went up by 7.9 per cent in he whole country. In Greater Helsinki prices went up by 18.4 per cent and in the rest of country 4.4 per cent. In the rest of the country prices went up most in Eastern Finland by 13.8 per cent, meanwhile prices went down in Western Finland by 4.1 per cent.

Source: House Prices, Statistics Finland

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

Director in charge: Kari Molnar

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Updated 30.4.2010