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2. Prices of old dwellings in terraced houses rose slightly in January to March

According to preliminary data, prices of old dwellings in terraced houses went up by an average of 0.3 per cent from the previous quarter in the whole country. In Greater Helsinki prices rose by 0.6 per cent and in the rest of the country they remained nearly unchanged. Compared with the corresponding period of 2011, prices of old dwellings in terraced houses went up by 0.4 per cent in the whole country. In Greater Helsinki prices rose by 0.8 per cent and in the rest of the country they remained nearly unchanged.

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 2,062 in the whole country, EUR 3,188 in Greater Helsinki and EUR 1,688 elsewhere in Finland.

Prices of dwellings in old terraced houses went up in 2011 by an average of 2.0 per cent in the whole country from the previous year. In Greater Helsinki the rise amounted to 1.7 per cent and in the rest of the country to 2.1 per cent. In Greater Helsinki the price per square metre of an old dwelling in a terraced house was EUR 3,212 and in the rest of Finland EUR 1,684.

Prices of new dwellings in terraced houses remained unchanged in the whole country from the previous quarter. In Greater Helsinki prices rose by 1.4 per cent, but in the rest of Finland they fell by 0.5 per cent. Prices fell most in Uusimaa outside the Greater Helsinki area, down by 3.6 per cent. In Eastern Finland prices rose by 3.9 per cent and in Western Finland by 1.9 per cent. Compared with the corresponding period of the year before, prices of new dwellings in terraced houses increased by an average of 4.2 per cent in the whole country. In Greater Helsinki prices went up by 8.4 per cent and in the rest of Finland by 2.7 per cent.

The average price per square metre for a new dwelling in a terraced house was EUR 2,803 in the whole country, EUR 3,771 in Greater Helsinki and EUR 2,568 elsewhere in Finland. The data are based on the transaction 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 27.4.2012