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Published: 23 June 2011

Rents of dwellings: Revised data for 2010

The data of the quarterly statistics on rents of dwellings published by Statistics Finland have been revised as regards the year 2010. In the revision, around 30,000 government-subsidised rental dwellings were changed into non-subsidised rental dwellings. Due to the revision, year-on-year changes in rents of dwellings were 0.5 to 0.7 percentage points higher than previously reported.

During the first quarter of 2010, the year-on-year increase in rents was 2.6 per cent. The rents of non-subsidised rental dwellings went up by an average of 2.1 per cent in the whole country. In the Greater Helsinki Area the rents of non-subsidised rental dwellings went up by 0.5 per cent and in the rest of Finland by 3.0 per cent. The rents of government subsidised dwellings rose by 3.4 per cent in the whole country. Compared to the previous quarter, the rents of non-subsidised dwellings decreased by an average of 0.6 per cent and the rents of government subsidised dwellings increased by 1.6 per cent.

During the second quarter of 2010, the year-on-year increase in rents was 2.3 per cent. The rents of non-subsidised rental dwellings went up by an average of 1.8 per cent in the whole country. In the Greater Helsinki Area the rents of non-subsidised rental dwellings went up by 2.7 per cent and in the rest of Finland by 1.2 per cent. The rents of government subsidised dwellings rose by 3.2 per cent in the whole country. Compared to the previous quarter, the rents of non-subsidised dwellings increased by an average of 1.4 per cent and the rents of government subsidised dwellings by 0.6 per cent.

During the third quarter of 2010, the year-on-year increase in rents was 2.8 per cent. The rents of non-subsidised rental dwellings went up by an average of 2.9 per cent in the whole country. In the Greater Helsinki Area the rents of non-subsidised rental dwellings went up by 2.8 per cent and in the rest of Finland by 2.9 per cent. The rents of government subsidised dwellings rose by 2.7 per cent in the whole country. Compared to the previous quarter, the rents of non-subsidised dwellings decreased by an average of 0.1 per cent and the rents of government subsidised dwellings by 0.2 per cent.

During the last quarter of 2010, the year-on-year increase in rents was 2.5 per cent. The rents of non-subsidised rental dwellings went up by an average of 2.1 per cent in the whole country. In the Greater Helsinki Area the rents of non-subsidised rental dwellings went up by 3.5 per cent and in the rest of Finland by 1.3 per cent. The rents of government subsidised dwellings rose by 3.1 per cent in the whole country. Compared to the previous quarter, the rents of non-subsidised dwellings increased by an average of 1.4 per cent and the rents of government subsidised dwellings by 1.1 per cent.

The development of rents and consumer prices, 2005=100

The data derive from quarterly statistics on rents compiled by Statistics Finland. The rent statistics are based on interview data collected in connection with the Labour Force Survey and on the Population Register Centre’s Building and Dwelling Register.

The rent statistics for 2010 revised

Source: House Rents, Statistics Finland

Inquiries: Martti Korhonen (09) 1734 3451, Johanna Leivo (09) 1734 3397, asuminen@stat.fi

Director in charge: Kari Molnar

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Updated 23.6.2011