Home > Statistics > Prices of dwellings in housing companies > 2018 > December > 1. Prices of dwellings in blocks of flats went up in the October to December period

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

According to preliminary data, prices of old dwellings in blocks of flats rose by 0.2 per cent in the whole country compared to the previous quarter. In Greater Helsinki, prices went up by 0.7 per cent, while in the rest of Finland they went down by 0.4 per cent. Compared to the corresponding quarter of 2017, prices rose by 1.5 per cent in the whole country. In Greater Helsinki, prices went up by 3.0 per cent, while in the rest of Finland they went down by 0.4 per cent.

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

Prices of old dwellings in blocks of flats went up by 9.1 per cent in Pori, 7.3 per cent in Järvenpää and 6.7 per cent in Kotka. Compared to the previous quarter, prices went down by 7.9 per cent in Hämeenlinna, by 5.9 per cent in Kouvola and by 4.6 per cent in Jyväskylä. Compared to the corresponding quarter 2017, prices went up by 5.5 per cent in Tampere, 5.1 per cent in Riihimäki and 5.0 per cent in Pori. Prices fell by 18.8 per cent in Kokkola, by 12.5 per cent in Mikkeli and by 7.9 per cent in of Hämeenlinna.

Viewed by type of apartment, prices of one-room flats remained unchanged in Greater Helsinki, while they fell by 1.7 per cent in the rest of Finland from the previous quarter. Over the same period, prices of two-room flats rose by 1.4 per cent in Greater Helsinki but decreased by 0.8 per cent in the rest of Finland. Prices of three-room and larger flats increased by 0.4 per cent in Greater Helsinki and remained unchanged in the rest of the country.

In the fourth quarter of 2018, the average price per square metre of an old dwelling in a block of flats was EUR 2,218 in the whole country, EUR 3,904 in Greater Helsinki and EUR 1,614 elsewhere in the country.

Prices of new dwellings in blocks of flats went up by 2.9 per cent in the whole country from the previous quarter. In Greater Helsinki, prices rose by 3.5 per cent and in the rest of Finland by 2.5 per cent. Compared with the corresponding period of 2017, prices of new dwellings in blocks of flats went up by 6.8 per cent in the whole country. Prices went up by 10.6 per cent in Greater Helsinki and by 4.3 per cent elsewhere in Finland.

According to preliminary data, prices of old dwellings in blocks of flats rose by 1.5 per cent in the whole country in 2018 compared with the previous year. In Greater Helsinki, prices went up by 3.3 per cent, while in the rest of Finland they went down by 0.8 per cent. Prices went up most in Tampere, by 4.8 per cent, in Helsinki, by 4.2 per cent, and in Turku, by 2.1 per cent. Prices fell most in Kokkola, by 9.4 per cent, in Hyvinkää, by 5.9 per cent, and in Lappeenranta, by 5.4 per cent. In Greater Helsinki, the price per square metre of an old dwelling in a block of flats was EUR 3,875 and in the rest of Finland EUR 1,599.

In 2018, the price per square metre of a new dwelling in a block of flats was EUR 5,179 in Greater Helsinki and EUR 3,664 elsewhere in the country. Compared with the previous years, prices of dwellings in new blocks of flats rose in the whole country by 0.9 per cent. In Greater Helsinki, prices remained roughly unchanged and in the rest of the country prices rose by 1.4 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 31.1.2019