Home > Statistics > Prices of dwellings in housing companies > 2014 > September > Prices of dwellings in housing companies decreased in the third quarter

Published: 28 October 2014

Prices of dwellings in housing companies decreased in the third quarter

According to Statistics Finland’s preliminary data, prices of old dwellings fell in the whole country by 0.7 per cent from the previous quarter in the third quarter of 2014. Prices went down by 1.3 per cent in Greater Helsinki and by 0.2 per cent in the rest of Finland. Compared with the corresponding period of 2013, prices fell by 1.0 per cent in the whole country. Prices went down by 0.8 per cent in Greater Helsinki and by 1.2 per cent in the rest of Finland.

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 2,284 in the whole country, EUR 3,582 in Greater Helsinki and EUR 1,698 elsewhere in the country.

Compared with the previous quarter, prices of dwellings in new blocks of flats and terraced houses fell by 0.8 per cent in the whole country. In Greater Helsinki, prices went up by 1.5 per cent, but in the rest of Finland they went down by 2.0 per cent.

Compared with the same period in 2013, prices of new units in housing companies rose by 0.5 per cent in the whole country. In Greater Helsinki, prices rose by 1.0 per cent and in the rest of Finland by 0.2 per cent. The average price per square metre of new units in housing companies was EUR 3,453 in the whole country, EUR 4,615 in Greater Helsinki and EUR 3,035 in the rest of the country.

The information on old dwellings derive from the statistics on the prices of dwellings in housing companies 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 .

Prices of dwellings in housing companies fell in September

According to Statistics Finland’s preliminary data, prices of dwellings in old blocks of flats and terraced houses went down by 1.2 per cent in the whole country from August to September. Prices went down by 1.3 per cent in Greater Helsinki and by 1.2 per cent in the rest of Finland. Compared with the corresponding period of the previous year, prices fell by 1.9 per cent in the whole country. Prices went down by 1.7 per cent in Greater Helsinki and by 2.1 per cent in the rest of Finland year-on-year.

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

In September 2014, the average price per square metre of an old dwelling in a housing company was EUR 2,192 in the whole country, EUR 3,546 in Greater Helsinki and EUR 1,661 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.

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 029 551 3558, Elina Vuorio 029 551 3385, asuminen.hinnat@stat.fi

Director in charge: Leena Storgårds

Publication in pdf-format (476.7 kB)

Reviews

• 1. Prices of old dwellings in blocks of flats fell in July to September (28.10.2014)
• 2. Prices of dwellings in terraced houses fell in July to September (28.10.2014)
• 3. Changes in prices of dwellings and in earnings level (28.10.2014)

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, September 2014 1) (28.10.2014)
• Appendix table 2. Unencumbered average prices per square metre of blocks of flats, September 2014 1) (28.10.2014)
• Appendix table 3. Unencumbered average prices per square metre of terraced houses, September 2014 1) (28.10.2014)
• Appendix table 4. Unencumbered average prices per square metre of old dwellings in housing companies, August 2014 1) (28.10.2014)
• Appendix table 5. Unencumbered average prices per square metre of old dwellings in housing companies, July 2014 1) (28.10.2014)

Figures

• Appendix figure 1. Average prices per square meter of dwellings in old blocks of flats (28.10.2014)
• Appendix figure 2. Average prices per square meter of dwellings in old terraced houses (28.10.2014)
• Appendix figure 3. Price development of old and new dwellings from 2005 (28.10.2014)
• Appendix figure 4. Changes in prices of dwellings in major cities, 3rd quarter 2014 (28.10.2014)
• Appendix figure 5. Real Price Index of dwellings in old blocks of flats 1970=100 (28.10.2014)

Quality descriptions

• Quality Description: Prices of dwellings in housing companies (28.10.2014)

Revisions in these statistics

• Revisions in these statistics (28.10.2014)

---

Updated 28.10.2014