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2. Prices of old dwellings in terraced houses fell in the January to March period

According to preliminary data, prices of old dwellings in terraced houses fell by an average of 0.7 per cent from the previous quarter in the whole country. Prices went down by 0.2 per cent in Greater Helsinki and by 1.0 per cent in the rest of Finland. Compared with the corresponding period of 2013, prices of old dwellings in terraced houses went down by 1.3 per cent in the whole country. Prices went down by 0.4 per cent in Greater Helsinki and by 1.8 per cent in the rest of Finland.

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

In the first quarter of 2014, the average price per square metre of an old dwelling in a terraced house was EUR 2,094 in the whole country, EUR 3,290 in Greater Helsinki and EUR 1,698 elsewhere in the country.

Prices of new dwellings in terraced houses rose by 1.9 per cent from the previous quarter in the whole country. In Greater Helsinki, prices fell by 0.7 per cent, while in the rest of Finland they went up 2.9 per cent. Prices rose by most in Eastern Finland, by 12.1 per cent. Prices fell by 1.4 per cent in Western Finland. Compared with the corresponding period of 2013, prices of new dwellings in terraced houses rose by an average of 1.3 per cent in the whole country. Prices went up by 0.3 per cent in Greater Helsinki and by 1.6 per cent elsewhere in Finland.

In the first quarter of 2014, the average price per square metre for a new dwelling in a terraced house was EUR 2,898 in the whole country, EUR 3,843 in Greater Helsinki and EUR 2,669 elsewhere in Finland.

Prices of old dwellings in terraced houses remained unchanged in the whole country in 2013 compared with the previous year. In Greater Helsinki, prices fell by 0.3 per cent and in the rest of Finland they rose by 0.2 per cent. In Greater Helsinki, the price per square metre of an old dwelling in a terraced house was EUR 3,270 and in the rest of Finland EUR 1,703.

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. More detailed price data on dwellings in housing companies are available at http://tilastokeskus.fi/til/ashi/tau_en.html

Source: Prices of dwellings in housing companies. Statistics Finland

Inquiries: Petri Kettunen 09 1734 3558, Elina Pääkkö 09 1734 3385, asuminen@stat.fi

Director in charge: Leena Storgårds

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Updated 28.4.2014