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Published: 25 October 2013

Prices of dwellings in housing companies fell slightly in September

According to Statistics Finland’s preliminary data, prices of old dwellings in blocks of flats and terraced houses fell by 0.4 per cent in the whole country from August to September. In Greater Helsinki, prices rose by 0.2 per cent, but in the rest of Finland prices fell by 0.8 per cent. Compared with September year before, prices rose by 0.6 per cent in the whole country. In Greater Helsinki, prices went up by 2.9 per cent, but in the rest of Finland they went down by 1.2 per cent.

Development of prices of old dwellings in housing companies by month, index 2010=100

In September 2013, the average price per square metre of an old dwelling in a housing company was EUR 2,172 in the whole country, EUR 3,519 in Greater Helsinki and EUR 1,643 elsewhere in the country.

When the monthly statistics on prices of dwellings are published they cover approximately 40 per cent of all transactions made in the latest statistical month. The monthly data become revised during the following months so that the final data for the year are published in the release concerning the first quarter of the following year. For further information about data revisions, see a separate tables.

Prices of dwellings in housing companies in the third quarter

In the third quarter of 2013, prices of old dwellings fell in the whole country by 0.2 per cent from the previous quarter. Prices went up by 0.6 per cent in Greater Helsinki, but elsewhere in Finland they went down by 0.9 per cent. Compared with the corresponding period of the previous year, prices rose by 1.1 per cent in the whole country. Prices went up by 2.5 per cent in Greater Helsinki and elsewhere in Finland they remained nearly unchanged.

Development of prices of old dwellings in housing companies, index 2005=100

In the July to September period, the average price per square metre of an old dwelling in a housing company was EUR 2,266 in the whole country, EUR 3,550 in Greater Helsinki and EUR 1,687 elsewhere in the country.

Prices of new dwellings in blocks of flats and terraced rose whole country by 0.2 per cent compared with the previous quarter. In Greater Helsinki, prices went down by 0.7 per cent, but in the rest of Finland they went up by 0.7 per cent.

Compared with the same period in 2012, prices of new units in housing companies rose by 1.1 per cent in the whole country. Prices went up by 2.1 per cent in Greater Helsinki and by 0.5 per cent elsewhere in Finland. The average price per square metre of new units in housing companies was EUR 3,435 in the whole country, EUR 4,701 in Greater Helsinki and EUR 2,980 in the rest of the country.

The results of the monthly and quarterly statistics show deviations because the monthly statistics are produced by a less detailed regional division and have a different weight structure than the quarterly statistics. The base year of the quarterly index is 2005.

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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Reviews

• 1. Prices of dwellings in blocks of flats rose slightly in the July to September period (25.10.2013)
• 2. Prices of old dwellings in terraced houses fell in July to September (25.10.2013)
• 3. Changes in prices of dwellings and in earnings level (25.10.2013)

Tables

Tables in databases

Pick the data you need into tables, view the data as graphs, or download the data for your use.

• Database tables and their variables
• Archived tables

Appendix tables

• Appendix table 1. Unencumbered average prices per square metre of old dwellings in housing companies, September 2013 1) (25.10.2013)
• Appendix table 2. Unencumbered average prices per square metre of blocks of flats, September 2013 1) (25.10.2013)
• Appendix table 3. Unencumbered average prices per square metre of terraced houses, September 2013 1) (25.10.2013)
• Appendix table 4. Unencumbered average prices per square metre of old dwellings in housing companies, August 2013 1) (25.10.2013)
• Appendix table 5. Unencumbered average prices per square metre of old dwellings in housing companies, July 2013 1) (25.10.2013)

Figures

• Appendix figure 1. Average prices per square meter of dwellings in old blocks of flats (25.10.2013)
• Appendix figure 2. Average prices per square meter of dwellings in old terraced houses (25.10.2013)
• Appendix figure 3. Price development of old and new dwellings from 2005 (25.10.2013)
• Appendix figure 4. Changes in prices of dwellings in major cities, 3rd quarter 2013* (25.10.2013)
• Appendix figure 5. Real Price Index of dwellings in old blocks of flats 1970=100* (25.10.2013)

Quality descriptions

• Quality Description: Prices of dwellings in housing companies (25.10.2013)

Revisions in these statistics

• Revisions in these statistics (25.10.2013)

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Updated 25.10.2013