Home > Statistics > Prices of dwellings in housing companies > 2016 > September > 1. Prices of old dwellings in blocks of flats rose in the July to September period

1. Prices of old dwellings in blocks of flats rose in the July to September period

According to preliminary data, the prices of old dwellings in blocks of flats rose by 0.5 per cent in the whole country compared to the previous quarter. In Greater Helsinki, prices went up by 1.1 per cent, while in the rest of Finland they went down by 0.3 per cent. Compared with the corresponding quarter of 2015, prices rose by 2.0 per cent in the whole country. Prices went up by 3.4 per cent in Greater Helsinki and by 0.4 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 3.4 per cent in Greater Helsinki and by 0.9 per cent in the rest of Finland from the previous quarter. Over the same period, prices of two-room flats went up by 0.5 per cent in Greater Helsinki and remained unchanged in the rest of the country. Prices of three-room and larger flats went up by 1.1 per cent in Greater Helsinki, but fell by 0.6 per cent in the rest of Finland.

In the third quarter of 2016, the average price per square metre of an old dwelling in a block of flats was EUR 2,474 in the whole country, EUR 3,863 in Greater Helsinki and EUR 1,700 elsewhere in Finland.

The prices of dwellings in new blocks of flats decreased in the whole country by 3.1 per cent from the previous quarter. In Greater Helsinki, prices fell by 0.6 per cent and in the rest of Finland by 4.8 per cent. Compared with the corresponding period of 2015, prices of new dwellings in blocks of flats went down by 2.3 per cent in the whole country. In Greater Helsinki, prices went up by 1.0 per cent, while in the rest of Finland they went down by 4.3 per cent.

In the third quarter of 2016, the average price per square metre of a new dwelling in a block of flats was EUR 3,982 in the whole country, EUR 5,011 in Greater Helsinki and EUR 3,532 elsewhere in the country.

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: Ville Vertanen

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Updated 28.10.2016