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4. House price development elsewhere

In Sweden real estate prices (cover real estates, terraced and linked houses) went up by 9.0 per cent during first quarter of 2010 compared to previous year. Prices went up by 1.0 per cent compared to last quarter 2009.In area of Greater-Stockholm prices went up by 15.0 per cent from previous year and from previous quarter by 3.0 per cent On an average apartment cost 2.03 Mkrone (EUR 211,560) and in area of Greater Stockholm 3.63 Mkrone (EUR 378,932) . From year 2005 house prices have risen by circa 32 per cent and in the area of Greater-Stockholm circa 4 percentage unit more than in whole Sweden. Used source is Statistics Sweden.

According to Statistics Norway in first quarter of 2010 house prices went up 10.8 per cent from previous year. Prices of blocks of flats went up on average by 11.0 per cent, terraced houses by 11.8 per cent and detached houses by 10.4 per cent from first quarter of 2009. From last quarter of 2009 prices went up by 3.9 per cent Average price per square metre in Oslo NOK 28,407 NOK (EUR 3,598) in terraced houses and NOK 34,969 (EUR4,429) in blocks of flats. From 2005 house prices have risen in Norway by 37 per cent.

In Germany prices of old houses went up by 0.9 per cent in the first quarter of 2010 from previous year. From last quarter of 2009 prices went up on average by 0.1 per cent. From 2005 prices have declined on average by 2.1 per cent. In the first quarter of 2010 average price per square metre in old apartment EUR 1,609 and EUR 1,832 in new apatment. Prices of new apatments fell by 0.1 per cent from previous year, but have risen by 1.3 per cent from previous quarter. Used source is Hypoport AG.

In Britain house prices went up by 0.3 per cent and in London by 1.5 per cent in the last quarter of 2009 from previous year, From third quarter of 2009 prices in Britain went up by 1.2 per cent and in London by 2.2 per cent. Average price of apartment in Britain was £ 160,961 (EUR 189,246) and in London £ 322,061 (EUR 370,611). House prices have risen by 10.6 per cent in Britain and by 19.2 per cent in London from 2005. Used source is Office of National Statistics and Land Registry.

In France prices of apartments in old blocks of flats and in terraced houses went up by 1.0 per cent during the first quarter of 2010 from previous year. From the last quarter of 2009 prices went down by 2.7 per cent. Average price per square metre of apartment in old blocks of flats and in terraced houses is EUR 2,880 in France and EUR 6,061 in Paris. Prices went up on average by 2.7 per cent from year 2005. Used source is the newiest publication of Fédération Nationalé de l'Immobilie (FNAIM).

In Spain prices of old apartment went down by 3.5 per cent in the last quarter of 2009 from previous year. From third quarter of 2009 prices went up by 0.1 per cent. Prices of new apatments went down by 5.1 per cent from previous year and by 0.9 per cent from previos quarter.From 2007 prices of old apartments have fell by 9.5 per cent and prices of new apartment remained almost unchanged. Used source is Statistics Spain.

According to Federal Housing Finance Agency houe prices went down by 1.2 per cent in the last quarter of 2009 in U.S. from previous year. From July-September 2009 prices went down by 0.1 per cent. From previous year prices went down in 31 states, most in Nevada by 17.3 per cent. Prices went up quickest in Oklaholma by 3.5 per cent. From biggiest citiies prices went down most in Miami by 12.9 per cent. In Washington, D.C.prices went up by 10.6 per cent from previous year. From 2005 prices have fallen by 3.8 per cent in national level.

Compilation of House Statistics is object of developing in several member country of Europan Union. Information above are gathered in several sources, that's why those aren't necessarily comparables between countries or to house price data of Finland.

Source: House Prices, Statistics Finland

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

Director in charge: Kari Molnar

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Updated 30.4.2010