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2. Prices of dwellings in terraced houses fell in the July to September period

According to preliminary data, prices of old dwellings in terraced houses fell by an average of 0.8 per cent from the previous quarter in the whole country. In Greater Helsinki, prices went down by 1.1 per cent and in the rest of the country by 0.6 per cent. Compared with the corresponding period in 2017, prices of dwellings in terraced houses fell by 0.4 per cent in the whole country. In Greater Helsinki, prices went up by 1.1 per cent, while in the rest of the country they went down by 1.3 per cent.

Figure 2. Quarter-on-quarter changes in prices of dwellings in old terraced houses

The prices of dwellings in old terraced houses rose by 8.4 per cent in Lappeenranta, by 7.2 per cent in Hämeenlinna and by 3.0 per cent in Vantaa. Prices fell by 8.5 per cent in Hyvinkää, by 8.3 per cent in Vaasa and by 7.0 per cent in Kouvola compared with the previous quarter. Compared with the corresponding quarter of 2017, prices rose by 10.5 per cent in Lappeenranta, by 5.8 per cent in Vantaa and by 4.9 per cent in Turku. Prices fell by 11.8 per cent in Vaasa and by 8.3 per cent in Kouvola and Joensuu.

In the third quarter of 2018, the average price per square metre of an old dwelling in a terraced house was EUR 1,937 in the whole country, EUR 3,310 in Greater Helsinki and EUR 1,612 elsewhere in the country.

Prices of new dwellings in terraced houses fell in the whole country by 1.6 per cent from the previous quarter. In Greater Helsinki, prices went up by 0.7 per cent, while in the rest of Finland they went down by 2.3 per cent. Compared with the corresponding period of 2017, prices of new dwellings in terraced houses fell by 0.5 per cent in the whole country. In Greater Helsinki, prices went up by 2.9 per cent, whereas in the rest of Finland they fell by 1.7 per cent.

In the third quarter of 2018, the average price per square metre of a new dwelling in a terraced house was EUR 3,103 in the whole country, EUR 4,312 in Greater Helsinki and EUR 2,832 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