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2. Prices of old dwellings in terraced houses rose slightly in April–June

According to preliminary data, prices of old dwellings in terraced houses rose by an average of 0.5 per cent from the previous quarter in the whole country. In Greater Helsinki, prices went down by 0.6 per cent, while in the rest of Finland they went up by 1.2 per cent. Compared with the corresponding period of 2012, prices of old dwellings in terraced houses went up by 0.4 per cent in the whole country. In Greater Helsinki, prices went down by 0.8 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

In the second quarter of 2013, the average price per square metre of an old dwelling in a terraced house was EUR 2,092 in the whole country, EUR 3,213 in Greater Helsinki and EUR 1,720 elsewhere in Finland.

The prices of dwellings in new terraced houses rose in the whole country by 0.7 per cent from the previous quarter. In Greater Helsinki, prices went up by 0.2 per cent, but in the rest of Finland they went down by 1.0 per cent. Prices decreased most in Eastern Finland, by 6.2 per cent. Compared with the corresponding period of 2012, prices of new dwellings in terraced houses rose by an average of 1.5 per cent in the whole country. Prices went up by 0.4 per cent in Greater Helsinki and by 1.9 per cent elsewhere in Finland.

The average price per square metre for a new dwelling in a terraced house was EUR 2,894 in the whole country, EUR 3,863 in Greater Helsinki and EUR 2,658 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 cover roughly two-thirds of completed transactions in old dwellings in blocks of flats and terraced houses. The data on new dwellings in blocks of flats are based on information on the transaction prices of the largest building contractors and estate agents.

Source: Prices of dwellings in housing companies. Statistics Finland

Inquiries: Petri Kettunen 09 1734 3558, Martti Korhonen 09 1734 3451, asuminen@stat.fi

Director in charge: Leena Storgårds

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Updated 26.7.2013