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

According to preliminary data, prices of old dwellings in blocks of flats rose by 0.3 per cent in the whole country compared to the previous quarter. In Greater Helsinki, prices went up by 1.0 per cent, while in the rest of Finland they went down by 0.6 per cent. Compared with the corresponding quarter of 2015, prices rose by 1.8 per cent in the whole country. In Greater Helsinki, prices went up by 3.6 per cent, while in the rest of Finland they went down by 0.2 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 0.6 per cent in Greater Helsinki and by 1.8 per cent in the rest of Finland from the previous quarter. Over the same period, prices of two-room flats rose by 1.0 per cent in Greater Helsinki but decreased by 0.5 per cent in the rest of Finland. Prices of three-room and larger flats went up by 1.3 per cent in Greater Helsinki, but fell by 0.6 per cent in the rest of Finland.

In the fourth quarter of 2016, the average price per square metre of an old dwelling in a block of flats was EUR 2,464 in the whole country, EUR 3,863 in Greater Helsinki and EUR 1,685 elsewhere in the country.

Prices of new dwellings in blocks of flats went up by 2.9 per cent from the previous quarter in the whole country. Prices went up by 2.9 per cent in Greater Helsinki and by 2.8 per cent elsewhere in Finland. Compared with the corresponding period of 2015, prices of new dwellings in blocks of flats went down by 0.6 per cent in the whole country. In Greater Helsinki, prices went up by 0.9 per cent, while in the rest of Finland they went down by 1.6 per cent.

In the fourth quarter of 2016, the average price per square metre of a new dwelling in a block of flats was EUR 3,971 in the whole country, EUR 4,901 in Greater Helsinki and EUR 3,566 elsewhere in Finland.

According to preliminary data, prices of old dwellings in blocks of flats rose by 1.6 per cent in the whole country in 2016 compared with the previous year. Prices went up by 2.7 per cent in Greater Helsinki and by 0.3 per cent elsewhere in Finland. In Greater Helsinki, the price per square metre of an old dwelling in a block of flats was EUR 3,824 and in the rest of Finland EUR 1,698. In 2016, the price per square metre of a new dwelling in a block of flats was EUR 4,980 in Greater Helsinki and EUR 3,520 elsewhere in the country. Compared with the previous year, prices of dwellings in new blocks of flats fell in the whole country by 0.9 per cent. In Greater Helsinki, prices went up by 0.4 per cent, while in the rest of Finland they went down by 1.8 per cent.

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: Mari Ylä-Jarkko

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Updated 27.1.2017