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Published: 30 September 2011

Prices of dwellings fell slightly in August

According to Statistics Finland’s preliminary data, prices of dwellings in old blocks of flats and terraced houses fell by 0.7 per cent in the whole country in August compared with the previous month. In Greater Helsinki, prices went down by 0.4 per cent and in the rest of the country by 0.8 per cent. Compared with the corresponding period of the year before, prices went up by 2.3 per cent in the whole country. In Greater Helsinki the rise amounted to 3.1 per cent and in the rest of the country to 1.7 per cent.

Development of prices of old dwellings by month, index 2010=100

In August 2011, the average price per square metre of an old dwelling in a block of flats was EUR 2,077 in the whole country, EUR 3,230 in Greater Helsinki and EUR 1,624 elsewhere in the country.

When the monthly statistics on prices of dwellings are published they cover approximately 40 per cent of all transactions made in the latest statistical month. Monthly data become revised during the following months so that the final data for the year are published in the release concerning the first quarter of the following year. The base year of the monthly index is 2010. Data by area starting from 2010 are available in the StatFin service: http://pxnet2.stat.fi/PXWeb/pxweb/fi/StatFin/StatFin__Asu__ashi/?tablelist=true in Finnish only.

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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Appendix tables

• Appendix table 1. Unencumbered average prices per square metre of old dwellings in housing companies, August 2011 (30.9.2011)
• Appendix table 2. Unencumbered average prices per square metre of blocks of flat, August 2011 (30.9.2011)
• Appendix table 3. Unencumbered average prices per square metre of terraced houses, August 2011 (30.9.2011)
• Appendix table 4. Unencumbered average prices per square metre of old dwellings in housing companies, July 2011 (30.9.2011)
• Appendix table 5. Unencumbered average prices per square metre of old dwellings in housing companies, June 2011 (30.9.2011)

Quality descriptions

• Quality Description (30.9.2011)

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Updated 30.9.2011