Home > Statistics > Prices of dwellings in housing companies > 2011 > September > Prices of dwellings remained almost unchanged in September

Published: 28 October 2011

Prices of dwellings remained almost unchanged in September

Corrected on 28 October 2011. The correction is indicated in red.

According to Statistics Finland’s preliminary data, prices of old dwellings in blocks of flats and terraced houses went down by 0.3 per cent in the whole country in September compared with the previous month . In Greater Helsinki, prices rose by 0.3 per cent, while in the rest of the country prices went down by 0.8 per cent.

Compared with the corresponding period of the year before, prices went up by 1.3 per cent in the whole country. In Greater Helsinki, the growth amounted to 2.1 per cent and in the rest of the country to 0.7 per cent.

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

In September 2011, the average price per square metre of an old dwelling in a housing company was EUR 2,078 in the whole country, EUR 3,250 in Greater Helsinki and EUR 1,619 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.

Prices of dwellings in the third quarter

In the third quarter of 2011, prices of dwellings rose in the whole country by 2.6 per cent compared with the corresponding period of the previous year. In Greater Helsinki the growth amounted to 3.7 per cent and in the rest of Finland to 1.7 per cent.

Development of prices of dwellings, index 2005=100

In the July to September period, the average price per square metre of an old dwelling in a housing company was EUR 2,183 in the whole country, EUR 3,356 in Greater Helsinki and EUR 1,653 elsewhere in the country.

Compared with the previous quarter, prices of dwellings in new blocks of flats and terraced houses rose by 2.1 per cent in the whole country. In Greater Helsinki, prices went up by 1.6 per cent and in the rest of Finland by 2.3 per cent.

Compared with the corresponding period of the year before, prices of new dwellings increased by 5.1 per cent in the whole country. In Greater Helsinki, prices went up by 5.3 per cent and in the rest of Finland by 4.9 per cent. The average price per square metre of new dwellings was EUR 3,192 in the whole country, EUR 4,330 in Greater Helsinki and EUR 2,783 in the rest of Finland.

The deviations between the results of the monthly and quarterly statistics are caused by that the monthly statistics are produced with a less detailed regional division and the monthly statistics have a different weight structure than the quarterly statistics. The base year of the quarterly index is 2005.

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

Publication in pdf-format (423.2 kB)

Reviews

• 1. Prices of old dwellings in blocks of flats rose slightly in the July to September period (28.10.2011)
• 2. Prices of dwellings in terraced houses remained nearly unchanged in the July to September period (28.10.2011)
• 3. Changes in prices of dwellings and in earnings level (28.10.2011)
• 4. House price development elsewhere (28.10.2011)

Tables

Tables in databases

Pick the data you need into tables, view the data as graphs, or download the data for your use.

• Database tables and their variables
• Archived tables

Appendix tables

• Appendix table 1. Unencumbered average prices per square metre of old dwellings in housing companies, September 2011 (28.10.2011)
• Appendix table 2. Unencumbered average prices per square metre of blocks of flat, September 2011 (28.10.2011)
• Appendix table 3. Unencumbered average prices per square metre of terraced houses, September 2011 (28.10.2011)
• Appendix table 4. Unencumbered average prices per square metre of old dwellings in housing companies, August 2011 (28.10.2011)
• Appendix table 5. Unencumbered average prices per square metre of old dwellings in housing companies, July 2011 (28.10.2011)

Figures

• Appendix figure 1. Average prices per square meter of dwellings in old blocks of flats (28.10.2011)
• Appendix figure 2. Average prices per square meter of dwellings in old terraced houses (28.10.2011)
• Appendix figure 3. Price development of old and new dwellings from 2005 (28.10.2011)
• Appendix figure 4. Changes in prices of dwellings in major cities, 3rd quarter 2011 (28.10.2011)
• Appendix figure 5. Real Price Index of dwellings in old blocks of flat 1970=100 (28.10.2011)

Quality descriptions

• Quality Description (28.10.2011)

---

Updated 28.10.2011