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Published: 28 January 2014

Prices of dwellings in housing companies fell in December

According to Statistics Finland’s preliminary data, prices of dwellings in old blocks of flats and terraced houses went down by 1.3 per cent in the whole country from November to December. Prices went down by 1.0 per cent in Greater Helsinki and by 1.6 per cent in the rest of Finland. Compared with the corresponding period of the previous year, prices rose by 0.7 per cent in the whole country. In Greater Helsinki, prices went up by 2.3 per cent from the year before, but in the rest of Finland they went down by 0.5 per cent.

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

In December 2013, the average price per square metre of an old dwelling in a housing company was EUR 2,177 in the whole country, EUR 3,551 in Greater Helsinki and EUR 1,638 elsewhere in the country.

When the monthly statistics on prices of dwellings in housing companies 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 fourth quarter

In the fourth quarter of 2013, prices of old dwellings fell in the whole country by 0.1 per cent from the previous quarter. In Greater Helsinki, prices went down by 0.3 per cent, while in the rest of Finland they went up by 0.1 per cent. Compared with the corresponding period of the previous year, prices rose by 1.4 per cent in the whole country. Prices went up by 1.9 per cent in Greater Helsinki and by 1.1 per cent elsewhere in Finland.

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

In October-December, the average price per square metre of an old dwelling in a housing company was EUR 2,261 in the whole country, EUR 3,549 in Greater Helsinki and EUR 1,680 elsewhere in the country.

Compared with the previous quarter, prices of dwellings in new blocks of flats and terraced houses fell by 1.5 per cent in the whole country. Prices went down by 2.6 per cent in Greater Helsinki and by 0.9 per cent in the rest of Finland.

Compared with the same period in 2012, prices of new units in housing companies fell by 0.7 per cent in the whole country. In Greater Helsinki, prices went down by 3.4 per cent, while in the rest of Finland they went up by 0.8 per cent. The average price per square metre of new units in housing companies was EUR 3,385 in the whole country, EUR 4,607 in Greater Helsinki and EUR 2,946 in the rest of the country.

According to preliminary data, prices of old dwellings in blocks of flats and terraced houses went up by 1.6 per cent from the previous year in the whole of 2013. In Greater Helsinki, prices went up by 2.5 per cent and in the rest of the country by 0.8 per cent. In 2013, the average price per square metre was EUR 2,259 in the whole country, EUR 3,527 in Greater Helsinki and EUR 1,688 elsewhere in Finland. Final data on the prices of old dwellings in housing companies in 2013 will be published on 28 April 2014.

In 2013, prices of new dwellings in blocks of flats and terraced houses rose by 1.8 per cent. In Greater Helsinki, prices went up by 1.7 per cent and in the rest of the country by 1.8 per cent compared with the previous year. In the whole country, the average price of a new dwelling was EUR 3,395, in Greater Helsinki EUR 4,601 and elsewhere in Finland EUR 2,962.

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 3632, asuminen@stat.fi

Director in charge: Leena Storgårds

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Reviews

• 1. Prices of dwellings in blocks of flats nearly unchanged in the October to December (28.1.2014)
• 2. Prices of old dwellings in terraced houses fell in the October to December period (28.1.2014)
• 3. Changes in prices of dwellings and in earnings level (28.1.2014)

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, December 2013 1) (28.1.2014)
• Appendix table 2. Unencumbered average prices per square metre of blocks of flats, December 2013 1) (28.1.2014)
• Appendix table 3. Unencumbered average prices per square metre of terraced houses, December 2013 1) (28.1.2014)
• Appendix table 4. Unencumbered average prices per square metre of old dwellings in housing companies, November 2013 1) (28.1.2014)
• Appendix table 5. Unencumbered average prices per square metre of old dwellings in housing companies, October 2013 1) (28.1.2014)

Figures

• Appendix figure 1. Average prices per square meter of dwellings in old blocks of flats (28.1.2014)
• Appendix figure 2. Average prices per square meter of dwellings in old terraced houses (28.1.2014)
• Appendix figure 3. Price development of old and new dwellings from 2005 (28.1.2014)
• Appendix figure 4. Changes in prices of dwellings in major cities, 4th quarter 2013* (28.1.2014)
• Appendix figure 5. Real Price Index of dwellings in old blocks of flats 1970=100* (28.1.2014)

Quality descriptions

• Quality Description: Prices of dwellings in housing companies (28.1.2014)

Revisions in these statistics

• Revisions in these statistics (28.1.2014)

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Updated 28.1.2014