Home > Statistics > Prices of dwellings in housing companies > 2009 > 4th quarter > Dwelling prices went up in October–December

Published: 29 January 2010

Dwelling prices went up in October–December

According to preliminary data, the prices of dwellings in old blocks of flats and in terraced houses went up by 2.8 per cent in the whole country compared to the previous quarter. In Greater Helsinki prices went up by 3.4 per cent and in the rest of the country by 2.2 per cent. Compared with the corresponding period of the year before, prices went up by 7.9 per cent in the whole country. In Greater Helsinki the growth amounted to 10.5 per cent and in the rest of the country 5.7 per cent.

In the last quarter of 2009 the average price per square metre of an old dwelling in a block of flats and in terraced houses was EUR 2,017 in the whole country, EUR 3,071 in Greater Helsinki and EUR 1,542 elsewhere in the country. These data derive from the statistics on the prices of dwellings compiled by Statistics Finland on the basis of the Tax Administration’s data. The preliminary data comprise roughly two-thirds of completed transactions in dwellings in old blocks of flats and in terraced houses.

From the previous quarter prices rose by 3.4 per cent in Helsinki, by 4.0 per cent in Espoo and Kauniainen and by 2.3 per cent in Vantaa. Prices went up by 3.5 per cent in Tampere, by 2.9 per cent in Turku and 1.9 per cent in Oulu. Compared with the corresponding period of the previous year prices rose by 11.6 per cent in Helsinki, by 10.1 per cent in Espoo and Kauniainen and 6.2 per cent in Vantaa. In Turku they rose by 10.2 per cent, in Tampere by 7.0 per cent and in Oulu by 5.6 per cent.

In the last quarter of 2009 the prices of dwellings in new blocks of flats and terraced houses rose by 2.0 per cent from the previous quarter in the whole country. In Greater Helsinki, prices went up by 3.7 per cent and in the rest of Finland by 1.0 per cent. The average price per square metre of new dwellings was EUR 2,872 in the whole country, EUR 3,699 in Greater Helsinki and EUR 2,574 in the rest of Finland. Compared with the corresponding period of the year before, the prices of new dwellings went up by 3.5 per cent in the whole country. In Greater Helsinki prices went up by 9.0 per cent and in the rest of Finland by 0.7 per cent. The data are based on the price information of the largest building contractors and estate agents.

Dwelling prices in 2009

According to preliminary data the prices of dwellings in old blocks of flats and in terraced houses fell by 0.3 in 2009 from the previous year. In Greater Helsinki prices remained unchanged whereas in the rest of Finland they fell by 0.5 per cent. In 2009 the average price per square metre was EUR 1,934 in the whole country, EUR 2,894 in Greater Helsinki and EUR 1,501 elsewhere in Finland. Final data on the prices of old dwellings in 2009 will be published on 30 April.

The prices of new dwellings in blocks of flats and in terraced houses fell by 1.5 per cent in 2009. In Greater Helsinki they rose by 0.5 per cent whereas elsewhere in Finland they fell by 2.5 per cent. In the whole country the average price of a new dwelling per square metre was EUR 2,787, in Greater Helsinki EUR 3,557 and elsewhere in Finland EUR 2,510. Information on transaction of new dwellings in 2009 is final.

Real price index of dwellings in old blocks of flat quarterly I/1970 —IV/2009, index 1970=100

Source: House Prices, Statistics Finland

Inquiries: Petri Kettunen (09) 1734 3558, Paula Paavilainen (09) 1734 3397

Director in charge: Kari Molnar

Publication in pdf-format (334.3 kB)

Reviews

• 1. Prices of blocks of flats went up in fourth quarter (29.1.2010)
• 2. Prices of old terraced houses went up in fourth quarter (29.1.2010)
• 3. Changes in House Prices, Wages and Consumer Prices (29.1.2010)
• 4. House price development elsewhere (29.1.2010)

Tables

Tables in databases

Pick the data you need into tables, view the data as graphs, or download the data for your use.

• Database tables and their variables
• Archived tables

Figures

• 1. Average prices per square metre of dwellings in old blocks of flats from year 2005 (29.1.2010)
• 2. Average prices per square metre of dwellings in old terraced houses from year 2005 (29.1.2010)
• 3. Price development of old and new dwellings from 2005 (29.1.2010)

Quality descriptions

• Quality Description (29.1.2010)

---

Updated 29.1.2009