Home > Statistics > Prices of dwellings in housing companies > 2018 > September > 1. Prices of old dwellings in blocks of flats fell in the July to September period

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

According to preliminary data, prices of old dwellings in blocks of flats fell by 0.4 per cent in the whole country compared to the previous quarter. Prices went down by 0.6 per cent in Greater Helsinki and by 0.2 per cent in the rest of Finland. Compared with the corresponding quarter of 2017, prices rose by 1.5 per cent in the whole country. In Greater Helsinki, prices went up by 2.7 per cent and in the rest of Finland they were more or less unchanged.

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

The prices of dwellings in old blocks of flats rose by 4.0 per cent in Hämeenlinna, by 3.4 per cent in Lahti and by 1.4 per cent in Turku. Prices fell by 12.9 per cent in Kokkola, by 12.8 per cent in Pori and by 11.3 per cent in Seinäjoki compared with the previous quarter. Compared with the corresponding quarter of 2017, prices rose by 11.2 per cent in Riihimäki, by 4.5 per cent in Tampere and by 4.1 per cent in Rovaniemi. Prices fell by 11.6 per cent in Vaasa, by 10.6 per cent in Rauma and by 8.5 per cent in Pori.

Viewed by type of apartment, prices of one-room flats went up by 0.5 per in Greater Helsinki, while they fell by 1.6 per cent in the rest of Finland from the previous quarter. Over the same period, prices of two-room flats fell by 0.9 per cent in Greater Helsinki but rose by 0.5 per cent in the rest of Finland. Prices of three-room and larger flats went down by 0.6 per cent both in Greater Helsinki and in the rest of the country.

In the third quarter of 2018, the average price per square metre of an old dwelling in a block of flats was EUR 2,214 in the whole country, EUR 3,898 in Greater Helsinki and EUR 1,611 elsewhere in Finland.

Prices of new dwellings in blocks of flats went up by 1.8 per cent in the whole country from the previous quarter. In Greater Helsinki, prices rose by 4.7 per cent and in the rest of Finland they remained more or less unchanged. Compared with the corresponding period of 2017, prices of new dwellings in blocks of flats went up by 3.5 per cent in the whole country. Prices went up by 4.7 per cent in Greater Helsinki and by 2.8 per cent elsewhere in Finland.

In the third quarter of 2018, the average price per square metre of a new dwelling in a block of flats was EUR 4,144 in the whole country, EUR 5,179 in Greater Helsinki and EUR 3,693 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: Mari Ylä-Jarkko

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Updated 30.10.2018