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2. Prices of dwellings in terraced houses rose in the period April-June

According to preliminary data, prices of old dwellings in terraced houses rose by an average of 1.4 per cent from the previous quarter in the whole country. In Greater Helsinki, prices rose by 2.5 per cent and in the rest of the country by 0.8 per cent. Compared with the corresponding period of the year before, prices of old dwellings in terraced houses increased by an average of 2.6 per cent in the whole country. In Greater Helsinki, prices went up by 2.8 per cent and in the rest of Finland by 2.5 per cent.

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

The average price per square meter for an old dwelling in a terraced house was EUR 2,068 in the whole country, EUR 3,216 in Greater Helsinki and EUR 1,688 elsewhere in Finland. These data derive from the statistics on the prices of dwellings compiled by Statistics Finland from the Tax Administration’s data. The preliminary data comprise roughly two-thirds of completed transactions in old dwellings in blocks of flats and terraced houses.

Prices of new dwellings in terraced houses rose by 2.2 per cent from the previous quarter in the whole country. In Greater Helsinki, prices went up by 5.2 per cent and in the rest of Finland by 1.1 per cent. Prices rose by most, or by 10.3 per cent, in Northern Finland. Compared with the corresponding period of the year before, prices of new dwellings in terraced houses increased by an average of 7.7 per cent in the whole country. In Greater Helsinki, prices went up by 8.1 per cent and in the rest of Finland by 7.5 per cent. Prices rose fastest in Western Finland, or by 13.3 per cent from the previous year.

The average price per square meter for a new dwelling in a terraced house was EUR 2,659 in the whole country, EUR 3,520 in Greater Helsinki and EUR 2,450 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, Tomi Martikainen (09) 1734 3632, asuminen.tilasto@stat.fi

Director in charge: Kari Molnar

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Updated 29.7.2011