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2. Prices of dwellings in terraced houses in July to September

According to preliminary data, prices of dwellings in old terraced houses rose by an average of 0.7 per cent in the whole country from the previous quarter. In Greater Helsinki prices remained almost unchanged, while in the rest of the country prices went up by 1.2 per cent. Compared with the corresponding period of the year before, prices of dwellings in old terraced houses grew by 7.3 per cent in the whole country, on average. In Greater Helsinki, prices went up by 9.5 per cent and in the rest of Finland by 6.0 per cent.

Figure 2. Quarter-on-quarter changes in prices of dwellings in old terraced houses

The average price per square metre for an old dwelling in a terraced house was EUR 2,009 in the whole country, EUR 3,128 in Greater Helsinki and EUR 1,638 elsewhere in Finland. 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 terraced houses.

The prices of dwellings in new terraced houses rose in the whole country by 3.1 per cent from the previous quarter. In Greater Helsinki prices went down by 1.7 per cent, while in the rest of Finland prices went up by 4.9 per cent. Prices grew most in Eastern Finland, by 14.6 per cent and least in Northern Finland, by 0.2 per cent. Compared with the corresponding period of the year before, prices of dwellings in new terraced houses increased by 6.2 per cent in the whole country, on average. In Greater Helsinki, prices went up by 5.3 per cent and in the rest of Finland by 6.5 per cent. Prices rose most in Uusimaa outside the Greater Helsinki area and in Itä-Uusimaa, by 9.8 per cent, and least in Eastern Finland, by 1.2 per cent.

The average price per square metre for a new dwelling in a terraced house was EUR 2,663 in the whole country, EUR 3,418 in Greater Helsinki and EUR 2,480 elsewhere in Finland. The data are based on the price information of the largest building contractors and estate agents.

Source: Prices of Dwellings, Statistics Finland

Inquiries: Petri Kettunen (09) 1734 3558, Johanna Leivo (09) 1734 3397, asuminen.tilasto@stat.fi

Director in charge: Kari Molnar

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Updated 29.10.2010