Home > Statistics > Prices of dwellings in housing companies > 2011 > 1st quarter > 2. Prices of dwellings in terraced houses fell in Greater Helsinki in January to March

2. Prices of dwellings in terraced houses fell in Greater Helsinki in January to March

According to preliminary data, prices of dwellings in old terraced houses are unchanged in the whole country from the previous quarter. In Greater Helsinki prices fell by 1.5 per cent, while in the rest of Finland prices rose by 0.9 per cent. Compared with the corresponding period of the year before, prices of dwellings in old terraced houses increased by 2.8 per cent in the whole country, on average. In Greater Helsinki, prices went up by 2.0 per cent and in the rest of Finland by 3.2 per cent.

Figure 2. Quarter-on-quarter changes in prices of dwellings in old terraced houses

The average price per square metre for an old dwelling in a terraced house was EUR 2,045 in the whole country, EUR 3,209 in Greater Helsinki and EUR 1,659 elsewhere in Finland.

Prices of dwellings in new terraced houses rose in the whole country by 0.3 per cent from the previous quarter. In Greater Helsinki prices went down by 5.8 per cent, while in the rest of Finland prices went up by 2.5 per cent. Prices fell most in Northern Finland, by 9.9 per cent. Prices rose by 5.9 per cent in Western Finland. Compared with the corresponding period of the year before, prices of dwellings in new terraced houses increased by 3.5 per cent, on average, in the whole country. In Greater Helsinki prices went down by 0.4 per cent, while in the rest of Finland they went up by 4.9 per cent. Prices rose fastest in Western Finland, by 12.2 per cent from the previous year.

The average price per square metre for a new dwelling in a terraced house was EUR 2,659 in the whole country, EUR 3,520 in Greater Helsinki and EUR 2,450 elsewhere in Finland. The data are based on the price information of the largest building contractors and estate agents.

According to final data, prices of dwellings in old terraced houses went up by an average of 8.1 per cent in the whole country in 2010 from the previous year. In Greater Helsinki the rise amounted to 11.8 per cent and in the rest of the country to 6.0 per cent. In Greater Helsinki the price per square metre of an old dwelling in a terraced house was EUR 3,159 and in the rest of Finland EUR 1,641.

Source: Prices of Dwellings, Statistics Finland

Inquiries: Petri Kettunen (09) 1734 3558, Johanna Leivo (09) 1734 3397, asuminen.tilasto@stat.fi

Director in charge: Kari Molnar

---

Updated 28.4.2011