Home > Statistics > Prices of dwellings in housing companies > 2014 > June > 2. Prices of old dwellings in terraced houses rose in the April to June period

2. Prices of old dwellings in terraced houses rose in the April to June period

According to preliminary data, prices of old dwellings in terraced houses rose by an average of 0.4 per cent from the previous quarter in the whole country. In Greater Helsinki, prices went up by 2.0 per cent, but in the rest of Finland they went down by 0.6 per cent. Compared with the corresponding period of 2013, prices of old dwellings in terraced houses went down by 1.9 per cent in the whole country. In Greater Helsinki, prices went up by 0.5 per cent, but in the rest of Finland they went down by 3.2 per cent.

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

In the second quarter of 2014, the average price per square metre of an old dwelling in a terraced house was EUR 2,099 in the whole country, EUR 3,334 in Greater Helsinki and EUR 1,689 elsewhere in Finland.

The prices of dwellings in new terraced houses decreased in the whole country by 2.6 per cent from the previous quarter. In Greater Helsinki, prices went up by 1.0 per cent, but in the rest of Finland they went down by 3.8 per cent. Compared with the corresponding period of 2013, prices of new dwellings in terraced houses fell by an average of 0.7 per cent in the whole country. In Greater Helsinki, prices went up by 1.1 per cent, but in the rest of Finland they went down by 1.3 per cent.

The average price per square metre for a new dwelling in a terraced house was EUR 2,882 in the whole country, EUR 3,873 in Greater Helsinki and EUR 2,642 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. 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 029 551 3558, Elina Pääkkö 029 551 3385, asuminen@stat.fi

Director in charge: Leena Storgårds

---

Updated 28.7.2014