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2. Prices of old dwellings in terraced houses fell in the October to December period

According to preliminary data, prices of old dwellings in terraced houses fell by an average of 1.8 per cent from the previous quarter in the whole country. In Greater Helsinki the fall amounted to 3.1 per cent and in the rest of Finland to 1.1 per cent. Compared with the corresponding period of the year before, prices of old dwellings in terraced houses remained more or less unchanged in the whole country. In Greater Helsinki prices went down by 1.9 per cent, while in the rest of Finland they went up by 1.1 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 2,043 in the whole country, EUR 3,183 in Greater Helsinki and EUR 1,665 elsewhere in Finland. These data derive from the statistics on the prices of dwellings compiled by Statistics Finland from the Tax Administration’s data. The preliminary data comprise roughly two-thirds of completed transactions in old dwellings in blocks of flats and terraced houses.

Prices of new dwellings in terraced houses rose by 0.7 per cent from the previous quarter in the whole country. In Greater Helsinki prices fell by 1.1 per cent, while in the rest of Finland they went up by 1.4 per cent. Prices fell by most in Eastern Finland, by 8.2 per cent. In Southern Finland prices rose by 7.9 per cent and in Northern Finland by 1.9 per cent. Compared with the corresponding period of the year before, prices of new dwellings in terraced houses increased by an average of 4.5 per cent in the whole country. In Greater Helsinki prices went up by 0.7 per cent and in the rest of Finland by 5.8 per cent.

The average price per square metre for a new dwelling in a terraced house was EUR 2,804 in the whole country, EUR 3,797 in Greater Helsinki and EUR 2,564 elsewhere in Finland. The data are based on the transaction price information of the largest building contractors and estate agents.

According to preliminary data, prices of dwellings in old terraced houses went up in 2011 by an average of 1.8 per cent in the whole country from the previous year. In Greater Helsinki the rise amounted to 1.4 per cent and in the rest of the country to 2.1 per cent. In Greater Helsinki the price per square metre of an old dwelling in a terraced house was EUR 3,211 and in the rest of Finland EUR 1,683. Prices of dwellings in new terraced houses rose in the whole country by 5.3 per cent. In Greater Helsinki the rise amounted to 5.2 per cent and in the rest of the country to 5.4 per cent. In Greater Helsinki the price per square metre of a new dwelling in a terraced house was EUR 3,702 and in the rest of Finland EUR 2,514.

Source: Prices of Dwellings, Statistics Finland

Inquiries: Petri Kettunen (09) 1734 3558, Tomi Martikainen (09) 1734 3632, asuminen.tilasto@stat.fi

Director in charge: Kari Molnar

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Updated 27.1.2012