Home > Statistics > Prices of dwellings in housing companies > 2014 > December > 1. Prices of dwellings in blocks of flats fell in the October to December period

1. Prices of dwellings in blocks of flats fell in the October to December period

According to preliminary data, prices of old dwellings in blocks of flats fell by 0.5 per cent in the whole country compared to the previous quarter. In Greater Helsinki, prices remained almost unchanged and in the rest of the country they went down by 1.1 per cent. Compared with the corresponding quarter of 2013, prices fell by 0.8 per cent in the whole country. In Greater Helsinki, prices went down by 0.2 per cent and in the rest of the country by 1.4 per cent.

Figure 1. Quarter-on-quarter changes in prices of dwellings in old blocks of flats

Viewed by type of apartment, prices of one-room flats went down by 1.2 per cent in Greater Helsinki and by 0.2 per cent in the rest of Finland. Over the same period, prices of two-room flats fell by 0.5 per cent in Greater Helsinki and by 0.8 per cent in the rest of the country. Prices of three-room and larger flats rose by 0.6 per cent in Greater Helsinki, while prices fell by 1.5 per cent in the rest of the country.

In the fourth quarter of 2014, the average price per square metre of an old dwelling in a block of flats was EUR 2,410 in the whole country, EUR 3,725 in Greater Helsinki and EUR 1,682 elsewhere in Finland.

Prices of new dwellings in blocks of flats fell by 0.5 per cent in the whole country from the previous quarter. In Greater Helsinki, prices went up by 1.2 per cent, while in the rest of Finland they went down by 1.7 per cent. Compared with the corresponding period of 2013, prices of new dwellings in blocks of flats went up by 3.4 per cent in the whole country. Prices increased by 6.2 per cent in Greater Helsinki and by 1.6 per cent elsewhere in Finland.

In the fourth quarter of 2014, the average price per square metre of a new dwelling in a block of flats was EUR 3,973 in the whole country, EUR 5,246 in Greater Helsinki and EUR 3,380 elsewhere in the country.

According to preliminary data, prices of old dwellings in blocks of flats remained almost unchanged in the whole country in 2014 compared with the year before. In Greater Helsinki, prices went up by 0.7 per cent, while in the rest of the country they went down by 0.6 per cent. The price per square metre of an old dwelling in a block of flats was EUR 3,739 in Greater Helsinki and EUR 1,700 elsewhere in Finland. In 2014, the price per square meter of a new dwelling in a block of flats was EUR 5,109 in Greater Helsinki and EUR 3,395 in the rest of the country. From the year before, prices of new dwellings in blocks of flats rose by 2.6 per cent in the whole country. In Greater Helsinki, prices went up by 3.0 per cent and in the rest of the country by 2.3 per cent.

Source: Prices of dwellings in housing companies, Statistics Finland

Inquiries: Petri Kettunen 029 551 3558, Jaana Hellman 029 551 2661, asuminen.hinnat@stat.fi

Director in charge: Leena Storgårds

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Updated 28.1.2015