Home > Statistics > Real estate prices > 2021 > 1st quarter > Prices of old single-family houses grew by 7.6 per cent year-on-year in January to March

Published: 18 May 2021

Prices of old single-family houses grew by 7.6 per cent year-on-year in January to March

In the first quarter of 2021, prices of old single-family houses rose by 7.6 per cent from the previous year in the whole country. Compared with the previous quarter, prices of old single-family houses increased by 2.7 per cent. 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. The statistics cover single-family houses located on own plot.

Development of prices in old single-family houses, index 2015=100

In municipalities with more than 100,000 inhabitants prices rose by 6.6 per cent from the year before. In municipalities with 60,000 to 100,000 inhabitants prices went up by 5.3 per cent, in municipalities with 20,000 to 59,999 inhabitants by 8.5 per cent and in municipalities with fewer than 20,000 inhabitants by 8.2 per cent.

In the whole country, the average price per square metre of old single-family houses was EUR 1,751 in the first quarter of 2021. In Greater Helsinki, the average price per square metre of single-family houses was EUR 3,555. In the rest of the country, the average price per square metre was EUR 1,606.

In the first quarter of 2021, prices of detached house plots increased by 1.6 per cent in the whole country from the year before. From the previous quarter, prices of plots fell by 3.8 per cent. The average price per square metre for a detached house plot was EUR 25.1 and the average size of sold plots was 2,707 square metres.

In the first quarter of the current year, almost 18 per cent more transactions of old single-family houses were made than in the corresponding period of last year. In Greater Helsinki around 45 per cent more transactions were made and in the rest of Finland slightly over 16 per cent more.

In the first quarter of 2021, around 1,130 transactions of detached house plots were made, which is 44 per cent more than in the corresponding period of the previous year.

Source: Real estate prices, Statistics Finland

Inquiries: Petri Kettunen 029 551 3558, Anu Rämö 029 551 3450, asuminen.hinnat@stat.fi

Head of Department in charge: Hannele Orjala

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Appendix tables

• Appendix table 1. Price index for old singe-family houses, 1st quarter 2021 (18.5.2021)
• Appendix table 2. Price index for single-family house plots, 1st quarter 2021 (18.5.2021)

Figures

• Appendix figure 1. Price development for single-family house plots, index 2015=100 (18.5.2021)

Quality descriptions

• Quality description: Real estate prices (18.5.2021)

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Updated 18.5.2021