Home > Statistics > Real estate prices > 2018 > 1st quarter > Prices of old single-family houses fell by 0.3 per cent year-on-year in January to March

Published: 5 June 2018

Prices of old single-family houses fell by 0.3 per cent year-on-year in January to March

In the first quarter of 2018, prices for old single-family houses fell by an average of 0.3 per cent from the previous year in the whole country. In Greater Helsinki, prices went down by 1.7 per cent while in the rest of the country they stayed nearly unchanged compared with the corresponding period of the previous year. Compared with the previous quarter, prices of old dwellings in detached houses increased by an average of 1.5 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 2015=100

In the whole country, the average price per square metre of old single-family houses was EUR 1,572 in the first quarter of 2018. In Greater Helsinki, the average price per square metre of single-family houses was EUR 2,895. In the rest of the country, the average price per square metre was EUR 1,483.

In the first quarter of 2018, prices of single-family house plots increased by 1.9 per cent in the whole country from the year before. From the previous quarter, prices of plots increased by 7.9 per cent. The average price per square metre for a single-family house plot was EUR 23.8 in the whole country and the average plot size was 2,483 square metres.

In the first quarter of 2018, prices for new single-family houses rose by 3.1 per cent from the previous year in the whole country. Compared with the previous quarter, prices rose by 1.1 per cent. The data for new single-family houses are based on the building cost 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, Johanna Vuorio 029 551 3012, asuminen.hinnat@stat.fi

Director in charge: Mari Ylä-Jarkko

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Appendix tables

• Appendix table 1. Price index for old detached houses, 1st quarter 2018 (5.6.2018)
• Appendix table 2. Price index for single-family house plots, 1st quarter 2018 (5.6.2018)
• Appendix table 3. Price index for new detached houses, 2010=100 (5.6.2018)

Figures

• Appendix figure 1. Price development for single-family house plots, index 2015=100 (5.6.2018)

Quality descriptions

• Quality description: Real estate prices (5.6.2018)

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Updated 5.6.2018