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Published: 31 January 2020

Prices of new dwellings in housing companies have risen compared to 2015 most in Espoo, least in Vantaa

Prices of new dwellings in housing companies rose last year by 1.9 per cent from 2018. In Greater Helsinki, prices went up by around three per cent and in the rest of the country by nearly one per cent. These data derive from the revised statistics on prices of new dwellings in housing companies

Development of prices of new dwellings in housing companies by quarter, index 2015=100

Development of prices of new dwellings in housing companies by quarter, index 2015=100

In the last quarter of 2019, prices rose in Greater Helsinki by 5.7 per cent from the corresponding period of 2018 and in the rest of Finland by 2.4 per cent. Compared to the third quarter, they rose in Greater Helsinki by 2.1 per cent and remained unchanged elsewhere in Finland.

Compared to 2015, prices of new dwellings have risen on average by a little over 10 per cent in the whole country. Of large towns, prices have risen particularly in Espoo, by 17 per cent. Prices have gone up by 10 to 15 per cent in Helsinki, Tampere and Turku. In Vantaa, the prices have remained almost unchanged.

Development of prices of new dwellings in housing companies quarterly in large towns, index 2015=100

Development of prices of new dwellings in housing companies quarterly in large towns, index 2015=100

The average price per square metre for a new one-bedroom dwelling in a block of flats located on own plot was EUR 7,452 in Helsinki, EUR 4,769 in Tampere and EUR 4,992 in Turku. The average price per square metre for a new one-bedroom dwelling located on rented plot was EUR 6,044 in Helsinki, EUR 4,334 in Tampere and EUR 3,978 in Turku.

Prices of new dwellings, 2019

Area Index 2015=100 Yearly change, % Price, EUR/m² of new one-bedroom dwellings in block of flats on own plot Price, EUR/m² of new one-bedroom dwellings in block of flats on own plot on rented plot
Whole country 110.5 1.9 5,096 4,327
Greater Helsinki 111.6 3.1 6,517 5,213
Rest of the country (whole country- Greater Helsinki) 109.6 0.7 4,197 3,842
Helsinki 113.6 6.1 7,452 6,044
Espoo-Kauniainen 117.6 2.2 6,185 4,916
Vantaa 102.1 -0.6 4,896 4,049
Tampere 115.1 1.5 4,769 4,334
Turku 111.0 0.6 4,992 3,978
Jyväskylä 110.5 1.3 4,182 .
Oulu 109.5 -3.5 3,909 3,345
. = less than 20 transactions

The data on new dwellings in blocks of flats are based on information on the transaction prices of the largest building contractors and estate agents. More information is available on changes in the statistics on new dwellings in housing companies and their results in the Tieto&trendit blog and article (in Finnish) to appear on 31 January 2020 and in the section on changes in these statistics. More detailed price data on dwellings in housing companies are available at stat.fi/til/ashi/tau_en.html.

Price data for old dwellings in housing companies are not published for the time being.


Source: Prices of dwellings in housing companies, Statistics Finland

Inquiries: Elina Vuorio 029 551 3385, Johanna Vuorio 029 551 3012, asuminen.hinnat@stat.fi

Director in charge: Mari Ylä-Jarkko

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Updated 31.1.2020

Referencing instructions:

Official Statistics of Finland (OSF): Prices of dwellings in housing companies [e-publication].
ISSN=2323-8801. December 2019. Helsinki: Statistics Finland [referred: 12.11.2024].
Access method: http://www.stat.fi/til/ashi/2019/12/ashi_2019_12_2020-01-31_tie_001_en.html