Home > Statistics > Prices of dwellings in housing companies > 2012 > June > 1. Prices of dwellings in old blocks of flats fell slightly in Greater Helsinki in the April to June period

1. Prices of dwellings in old blocks of flats fell slightly in Greater Helsinki in the April to June period

According to preliminary data, prices of dwellings in old blocks of flats rose by an average of 0.4 per cent from the previous quarter in the whole country. In Greater Helsinki, prices fell by 0.4 per cent, while in the rest of the country prices went up by 1.3 per cent. Compared with the corresponding quarter of 2011, prices increased by 0.8 per cent in the whole country. In Greater Helsinki, prices went up by 0.9 per cent and in the rest of the country by 0.7 per cent.

Figure 1. Quarter-on-quarter changes in prices of dwellings in old blocks of flats

Looked at by type of flat, prices of one-room flats rose by most from the previous quarter in Greater Helsinki. Prices of one-room flats rose by 3.1 per cent in Greater Helsinki and by 2.5 per cent in the rest of Finland. Over the same period, prices of two-room flats rose by 0.3 per cent in Greater Helsinki and by 1.5 per cent in the rest of the country. Prices of three-room and larger flats fell by 1.3 per cent in Greater Helsinki, but rose by 1.0 per cent in the rest of Finland.

In the second quarter of 2012, the average price per square metre of an old dwelling in a block of flats was EUR 2,306 in the whole country, EUR 3,480 in Greater Helsinki and EUR 1,656 elsewhere in Finland.

Prices of new dwellings in blocks of flats rose by 6.2 per cent from the previous quarter in the whole country. Prices went up by 5.9 per cent in Greater Helsinki and by 6.4 per cent elsewhere in Finland. Compared with the corresponding period of 2011, prices of new dwellings in blocks of flats went up by 8.5 per cent in the whole country. In Greater Helsinki, prices went up by 11.0 per cent and in the rest of Finland by 6.8 per cent.

In the second quarter of 2012, the average price per square metre of a new dwelling in a block of flats was EUR 3,737 in the whole country, EUR 5,007 in Greater Helsinki and EUR 3,145 elsewhere in Finland.

The data of old dwellings 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. The data of new dwellings are based on the transaction price information of the largest building contractors and estate agents.

Source: Prices of Dwellings, Statistics Finland

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

Director in charge: Kari Molnar

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Updated 27.7.2012