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2. Prices of old dwellings in terraced houses fell in July to September

According to preliminary data, prices of old dwellings in terraced houses fell by an average of 1.1 per cent from the previous quarter in the whole country. In Greater Helsinki prices remained almost unchanged, while in the rest of Finland they went down by 1.7 per cent. Compared with the corresponding period of 2012, prices of old dwellings in terraced houses went down by 0.9 per cent in the whole country. In Greater Helsinki, prices went down by 0.6 per cent and in the rest of Finland they went down by 1.2 per cent.

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

In the third quarter of 2013, the average price per square metre of an old dwelling in a terraced house was EUR 2,094 in the whole country, EUR 3,275 in Greater Helsinki and EUR 1,702 elsewhere in Finland.

The prices of dwellings in new terraced houses remained almost unchanged in the whole country from the previous quarter. In Greater Helsinki, prices went up by 1.5 per cent, but in the rest of Finland they went down by 0.7 per cent. Prices decreased most in Eastern Finland, by 5.0 per cent. Compared with the corresponding period of 2012, prices of new dwellings in terraced houses fell by an average of 0.4 per cent in the whole country. Prices went down by 1.2 per cent in Greater Helsinki and by they remained almost unchanged elsewhere in Finland.

The average price per square metre for a new dwelling in a terraced house was EUR 2,860 in the whole country, EUR 3,830 in Greater Helsinki and EUR 2,625 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, Tomi Martikainen 09 1734 3451, asuminen@stat.fi

Director in charge: Leena Storgårds

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Updated 25.10.2013