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Published: 6 August 2020

Non-subsidised rents increased most in Greater Helsinki and in Turku

The rents of non-subsidised rental dwellings increased most in the year in Greater Helsinki and in Turku in the second quarter of 2020.

The development of rents in non-subsidised rental dwellings, index 2015=100

In large towns, the rents of non-subsidised rental dwellings have increased most in Helsinki, Vantaa, Turku and Tampere compared to 2015. The rise in rents was lowest in Seinäjoki, Kotka, Hämeenlinna and Lahti. In Greater Helsinki, rents have risen by 8 per cent and in the rest of the country by 6 per cent from 2015.

Rents for non-subsidised rental dwellings, 2nd quarter 2020

Region	Index 2015=100	Quarterly change in index, %	Yearly change in index, %	Number*	Rent per square meter (euro/m²)	Rent for new tenancies (euro/m²)
Whole country	106.7	0.3	1.3	113 161	15.0	15.9
Greater Helsinki	107.8	0.4	1.7	41 019	20.1	21.4
Rest of the country (whole country - Greater Helsinki)	106.0	0.3	1.0	72 142	12.9	13.5
Helsinki	107.7	0.4	1.7	23 284	21.3	22.8
Helsinki 1	106.3	0.3	1.5	3 015	22.9	25.3
Helsinki 2	107.9	0.4	1.8	9 372	22.4	23.7
Helsinki 3	106.0	0.3	1.2	2 854	19.8	20.0
Helsinki 4	109.7	0.5	1.8	8 043	18.6	19.3
Espoo-Kauniainen	106.9	0.5	1.7	8 153	18.1	19.1
Vantaa	109.0	0.6	1.7	9 582	18.0	18.6
Satellite municipalities	107.1	0.4	1.2	4 926	14.8	15.8
Tampere	107.8	0.4	1.6	11 464	15.2	15.6
Turku	108.4	0.5	1.7	8 224	14.3	15.5
Lahti	104.1	0.1	0.2	4 168	13.5	13.6
Kuopio	107.1	0.2	0.7	3 580	14.5	14.6
Jyväskylä	105.9	0.1	0.3	5 588	14.4	14.7
Oulu	107.0	0.4	1.5	6 497	13.2	13.5

1) * Number of observations included in the index calculation

The average rent level of non-subsidised rental dwellings is highest in Helsinki, EUR 21.3 per m² and lowest in Kouvola, EUR 10.9 per m². In new tenancies signed in the last six months, the average price of a rented square metre of a one-room flat was EUR 27.8 per m² in Helsinki, EUR 19.3 per m² in Tampere and EUR 18.8 per m² in Turku.

These data derive from Statistics Finland's quarterly statistics on rents of dwellings, which is based on data from the Social Insurance Institution housing aid register and private rental housing companies.

Source: Rents of dwellings, Statistics Finland

Inquiries: Martti Korhonen 029 551 3451, Elina Vuorio 029 551 3385, asuminen.hinnat@stat.fi

Director in charge: Mari Ylä-Jarkko

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Appendix tables

• Rents for government subsidised rental dwellings, 2nd quarter 2020 (6.8.2020)

Figures

• Appendix figure 1. Average rent levels for non-subsidised and government subsidised rental dwellings, 2nd quarter 2020 (6.8.2020)

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Updated 6.8.2020