Published: 29 June 2021
Prices of old dwellings in housing companies continued to rise in May
According to Statistics Finland’s preliminary data, prices of old dwellings in housing companies rose in May in all the biggest towns and in all major regions except for Eastern Finland compared with the previous year.
Development of prices of old dwellings in housing companies by month in large cities in 2015 to 2021M05, index 2015=100
Prices rose strongly, as a rule, in various parts of Finland in both blocks of flats and terraced houses. In Greater Helsinki, prices of dwellings in blocks of flats rose by 5.3 per cent and in terraced houses by 6.5 per cent year-on-year.
Compared with the corresponding period of the year before, prices of old dwellings in housing companies rose most in Oulu and Helsinki. Since 2015, prices have risen by nearly 28 per cent in Helsinki and by seven per cent in Oulu.
Examined by major region, prices of old dwellings rose on the annual level most in Northern Finland.
Development of prices of old dwellings in housing companies by month in major regions 2015–2021M05, index 2015=100
In April to May 2020, dwelling transactions plummeted during corona shutdowns. In this year’s April, 60 per cent more dwelling transactions were made through real estate agents than one year ago. Compared with April 2021, four per cent fewer transactions were made in May.
Prices per square metre of old dwellings in housing companies, May 2021 1)
| Area | Price per square metre, EUR/m² | Index 2015=100 | Monthly change, % | Yearly change, % |
| Whole country | 2 299 | 108.5 | 0.1 | 3.9 |
| Greater Helsinki | 4 153 | 121.4 | 0.8 | 5.7 |
| Rest of the Country (Whole Country - Greater Helsinki) | 1 760 | 97.3 | -0.6 | 2.1 |
| Satellite municipalities 2) | 2 334 | 97.4 | -1.0 | 1.9 |
| Helsinki | 4 903 | 127.9 | 2.4 | 7.0 |
| Espoo-Kauniainen | 3 835 | 112.7 | -3.8 | 4.7 |
| Vantaa | 2 803 | 108.5 | 1.9 | 1.5 |
| Tampere | 2 768 | 118.7 | 2.7 | 6.9 |
| Turku | 2 365 | 120.7 | 0.5 | 6.1 |
| Oulu | 1 851 | 107.0 | 2.2 | 8.9 |
2) Satellite municipalities = Hyvinkää, Järvenpää, Kerava, Kirkkonummi, Nurmijärvi, Riihimäki, Sipoo, Tuusula and Vihti
The statistics on the prices of old dwellings in housing companies are based on the Tax Administration's data on dwellings (data on ownership of dwellings in housing companies). The numbers published from data on dwellings should not be used to assess the activeness of transactions in the latest periods.
When the monthly statistics on prices of old dwellings in housing companies are published for the first time, they cover approximately 60 per cent of all transactions made in the latest statistical reference month. The monthly data become revised during the following months so that the final data for the year are published in the release concerning the first quarter of the following year. Further information about data revisions can be found in separate tables.
The numbers of old dwellings in housing companies sold through real estate agents are based on the data from the price monitoring service of the Central Federation of Finnish Real Estate Agencies. As a rule, these data do not become revised retrospectively.
Data on prices of dwellings in housing companies in different areas and by house type are available at stat.fi/til/ashi/tau_en.html. The tables also contain data on the prices per square metre at the municipal and postal code levels and on the numbers of transactions. If only a few transactions are known in the area, a couple of deviating cases may significantly affect the average price for an area and the price index. Instead of individual monthly and annual changes, the development of prices should be examined over a longer time period and not only for a particular point in time.
Source: Prices of dwellings in housing companies, Statistics Finland
Inquiries: Petri Kettunen 029 551 3558, Elina Vuorio 029 551 3385, asuminen.hinnat@stat.fi
Head of Department in charge: Hannele Orjala
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- Revisions in these statistics (29.6.2021)
Updated 29.6.2021
Official Statistics of Finland (OSF):
Prices of dwellings in housing companies [e-publication].
ISSN=2323-8801. May 2021. Helsinki: Statistics Finland [referred: 16.11.2024].
Access method: http://www.stat.fi/til/ashi/2021/05/ashi_2021_05_2021-06-29_tie_001_en.html