Home > Statistics > Real estate prices > 2016 > 1st quarter > Prices of old detached houses grew by 1.5 per cent year-on-year in January to March

Published: 6 June 2016

Prices of old detached houses grew by 1.5 per cent year-on-year in January to March

In the first quarter of 2016, prices for old single-family houses grew by an average of 1.5 per cent from the previous year in the whole country. In Greater Helsinki, prices went down by 0.2 per cent from the corresponding period of the previous year, while in the rest of the country they increased by 1.7 per cent. Compared with the previous quarter, prices of old dwellings in detached houses increased by an average of 1.1 per cent in the whole country. These data derive from Statistics Finland’s Index of real estate prices, which is compiled by utilising data from the real estate transaction register of the National Land Survey of Finland.

Development of prices in old detached houses, index 2005=100

In the whole country, the average price per square metre of old single-family houses was EUR 1,558 in the first quarter of 2016. In Greater Helsinki, the average price per square metre of single-family houses was EUR 2,964. In the rest of the country, the average price per square metre was EUR 1,480.

In the first quarter of 2016, prices of detached house plots increased by 1.1 per cent in the whole country from the year before. From the previous quarter, prices of plots decreased by 6.2 per cent. The average price per square metre for a single-family house plot was EUR 33.2 in the whole country and the average plot size was 1,810 square metres.

In the first quarter of 2016, prices for new single-family houses rose by 1.3 per cent from the previous year in the whole country. Compared with the previous quarter, prices rose by 0.3 per cent. The data for new detached houses are based on the building price index and price data describing professional and own-account construction.

Development of prices in new detached houses, index 2010=100

Source: Real estate prices, Statistics Finland

Inquiries: Petri Kettunen 029 551 3558, Jaana Hellman 029 551 2661, asuminen.hinnat@stat.fi

Director in charge: Ville Vertanen

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Appendix tables

• Appendix table 1. Price index for old detached houses, 1st quarter 2016 (6.6.2016)
• Appendix table 2. Price index for single-family house plots, 1st quarter 2016 (6.6.2016)
• Appendix table 3. Price index for new detached houses, 2010=100 (6.6.2016)

Figures

• Appendix figure 1. Price development for single-family house plots, index 2005=100 (6.6.2016)

Quality descriptions

• Quality description: Real estate prices (6.6.2016)

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Updated 6.6.2016