Prices of old dwellings rose slightly in Greater Helsinki from October to December

According to Statistics Finland’s preliminary data, prices of dwellings in old blocks of flats and terraced houses went up by 0.3 per cent in the whole country compared with the previous quarter. In Greater Helsinki prices rose by 0.7 per cent from October to December, while in the rest of the country prices remained unchanged. Compared with the corresponding period of the year before, prices went up by 5.4 per cent in the whole country. In Greater Helsinki the growth amounted to 6.4 per cent and in the rest of the country to 4.5 per cent.

Development of prices of dwellings, index 2005=100

In the fourth quarter of 2010, the average price per square metre of an old dwelling in a block of flats was EUR 2,134 in the whole country, EUR 3,276 in Greater Helsinki and EUR 1,619 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 terraced houses.

Compared with the previous quarter, prices of dwellings in new blocks of flats and terraced houses rose by 0.7 per cent in the whole country. In Greater Helsinki prices rose by 4.0 per cent, while in the rest of Finland they fell by 1.0 per cent. Compared with the corresponding period of the year before, prices of new dwellings increased by 9.9 per cent in the whole country. In Greater Helsinki, prices went up by 13.7 per cent and in the rest of Finland by 7.8 per cent. The average price per square metre of new dwellings was EUR 3,098 in the whole country, EUR 4,245 in Greater Helsinki and EUR 2,686 in the rest of Finland. The data are based on the price infor-mation of the largest building contractors and estate agents.

According to preliminary data, prices of old dwellings in blocks of flats and terraced houses went up by 8.8 per cent in the whole of 2010 from the previous year in the whole country. In Greater Helsinki prices went up by 11.4 per cent and in the rest of the country by 6.6 per cent. In 2010 the average price per square metre was EUR 2,119 in the whole country, EUR 3,236 in Greater Helsinki and EUR 1,615 elsewhere in Finland. Final data on the prices of old dwellings in 2010 will be published on 28 April 2011.

In 2010 prices of new dwellings in blocks of flats and terraced houses rose by 9.7 per cent in the whole country. In Greater Helsinki prices went up by 13.4 per cent and in the rest of the country by 7.7 per cent compared with the previous year. In the whole country the average price of a new dwelling was EUR 3,029, in Greater Helsinki EUR 4,077 and elsewhere in Finland EUR 2,651.

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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Reviews

1. Prices of old dwellings in blocks of flats nearly unchanged in October to December (28.1.2011)
2. Prices of old dwellings in terraced houses rose in Greater Helsinki in October to December (28.1.2011)
3. Changes in prices of dwellings and in earnings level (28.1.2011)
4. House price development elsewhere (28.1.2011)

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Quality Description: Prices of dwellings (28.1.2011)

Updated 28.1.2011

Referencing instructions:

Official Statistics of Finland (OSF): Prices of dwellings in housing companies [e-publication].
ISSN=2323-8801. 4th quarter 2010. Helsinki: Statistics Finland [referred: 28.12.2024].
Access method: http://www.stat.fi/til/ashi/2010/04/ashi_2010_04_2011-01-28_tie_001_en.html