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Published: 30 June 2017

Housing costs of owner-occupied dwellings rose by 1.7 per cent

According to Statistics Finland, the housing costs of owner-occupied dwellings increased by 1.7 per cent in the first quarter of 2017 from the respective quarter of 2016. According to preliminary data, the price of buying a dwelling went up by 1.4 per cent from the corresponding period. Compared with the previous quarter, the housing costs of owner-occupied dwellings rose by 1.1 per cent and purchasing of dwellings became 0.8 per cent more expensive.

Indices of owner-occupied housing prices 2015=100

Statistics Finland's indices of owner-occupied housing prices consist of two index series. The first, housing costs of owner-occupied dwellings series describes the development of the costs of owner-occupied dwellings. The housing costs of owner-occupied dwellings consist of the prices of new dwellings purchased by households and other costs of owner-occupied dwellings, like renovations. The second, housing prices series describes the price development of all dwellings. The index is based on the data in the statistics on prices of units in housing companies and real estate prices. The calculation of the statistics is based on Commission Regulation (EC) 93/2013.

Statistics on indicies of owner occupied housing renewed

The base year for the indices of owner-occupied housing prices has been changed to 2015=100. The renewed price index of old detached houses has been used in the calculation of price indices, for which reason the data of the index series describing purchases of dwellings differ from those published earlier as regards 2015 and 2016. The base year is changed due to Eurostat’s requirement to switch the base years for the indices of owner-occupied housing prices into 2015.

Source: Indices of owner-occupied housing prices, Statistics Finland

Inquiries: Petri Kettunen 029 551 3558, Elina Vuorio 029 551 3385, asuminen.hinnat@stat.fi

Director in charge: Sami Saarikivi

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Appendix tables

• Appendix table 1. Owner-occupiers housing expenditures 2015=100 (30.6.2017)
• Appendix table 2. Purchases of dwellings 2015=100 (30.6.2017)

Quality descriptions

• Quality Description: Indices of owner-occupied housing prices (30.6.2017)

Revisions in these statistics

• Revisions in these statistics (30.6.2017)

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Updated 30.6.2017