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1. Prices of old dwellings in blocks of flats rose in the April to June period

According to preliminary data, prices of old dwellings in blocks of flats rose by 1.3 per cent in the whole country compared to the previous quarter. Prices went up by 2.0 per cent in Greater Helsinki and by 0.5 per cent elsewhere in Finland. Compared with the corresponding quarter of 2015, prices rose by 2.0 per cent in the whole country. Prices rose by 3.4 per cent in Greater Helsinki and by 0.3 per cent elsewhere in Finland.

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 up by 1.0 per cent in Greater Helsinki and in the rest of Finland prices remained almost unchanged from the previous quarter. Over the same period, prices of two-room flats rose by 2.2 per cent in Greater Helsinki and by 0.3 per cent in the rest of the country. Prices of three-room and larger flats went up by 2.0 per cent in Greater Helsinki and by 0.7 per cent in the rest of the country.

In the second quarter of 2016, the average price per square metre of an old dwelling in a block of flats was EUR 2,459 in the whole country, EUR 3,815 in Greater Helsinki and EUR 1,703 elsewhere in Finland.

The prices of dwellings in a new block of flats decreased in the whole country by 0.7 per cent from the previous quarter. In Greater Helsinki, prices went up by 1.4 per cent, while in the rest of Finland they went down by 2.1 per cent. Compared with the corresponding period of 2015, prices of new dwellings in blocks of flats went up by 0.4 per cent in the whole country. In Greater Helsinki, prices remained almost unchanged and in the rest of the country they rose by 0.6 per cent.

In the second quarter of 2016, the average price per square metre of a new dwelling in a block of flats was EUR 3,902 in the whole country, EUR 4,883 in Greater Helsinki and EUR 3,474 elsewhere in Finland.

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: Ville Vertanen

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Updated 28.7.2016