Published: 26 April 2013
Prices of dwellings in housing companies rose slightly in March
According to Statistics Finland’s preliminary data, prices of old dwellings in blocks of flats and terraced houses went up by 0.5 per cent in the whole country in March compared with the previous month. In Greater Helsinki, prices rose by 1.3 per cent and in the rest of Finland they remained nearly unchanged. Compared with the corresponding period of the previous year, prices rose by 2.2 per cent in the whole country. Prices went up by 4.4 per cent in Greater Helsinki and by 0.4 per cent elsewhere in Finland.
Development of prices of old dwellings by month, index 2010=100
In March 2013, the average price per square metre of an old dwelling in a housing company was EUR 2,160 in the whole country, EUR 3,507 in Greater Helsinki and EUR 1,632 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. The 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. For further information about data revisions, see a separate tables. 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 housing companies in the first quarter
In the first quarter of 2013, prices of old dwellings rose in the whole country by 0.7 per cent from the previous quarter. Prices went up by 0.9 per cent in Greater Helsinki and by 0.5 per cent elsewhere in Finland. Compared with the corresponding period of the previous year, prices rose by 1.9 per cent in the whole country. Prices went up by 2.7 per cent in Greater Helsinki and by 1.3 per cent elsewhere in Finland.
Development of prices of old dwellings, index 2005=100
In January–March, the average price per square metre of an old dwelling in a housing company was EUR 2,245 in the whole country, EUR 3,498 in Greater Helsinki and EUR 1,681 elsewhere in the country.
Prices of new dwellings in blocks of flats and terraced houses rose by 0.5 per cent from the previous quarter in the whole country. In Greater Helsinki, prices went down by 2.7 per cent, while in the rest of Finland they went up by 2.2 per cent. In the first quarter of 2013, the number of dwelling transactions for new dwellings increased by approximately one-fifth compared to the corresponding period last year.
Compared with the same period in 2012, prices of new dwellings rose by 5.4 per cent in the whole country. Prices went up by 4.9 per cent in Greater Helsinki and by 5.7 per cent elsewhere in Finland. The average price per square metre of new dwellings was EUR 3,380 in the whole country, EUR 4,498 in Greater Helsinki and EUR 2,978 in the rest of the country.
The results of the monthly and quarterly statistics show deviations because the monthly statistics are produced by a less detailed regional division and have a different weight structure than the quarterly statistics. The base year of the quarterly index is 2005.
Annual statistics for 2012
In 2012, good 76,200 transactions of old dwellings in housing companies were completed in the whole country. The number of transactions grew by 5.9 per cent in the whole country from the previous year. In Greater Helsinki, the number of transactions rose by 7.9 per cent and in the rest of the country by 5.2 per cent. Last year, the average price per square metre of old dwellings in housing companies was EUR 2,222 in the whole country, EUR 3,440 in Greater Helsinki and EUR 1,673 elsewhere in the country. From 2011, prices of old dwellings in housing companies rose by 1.7 per cent in the whole country. Prices went up by 2.3 per cent in Greater Helsinki and by 1.1 per cent elsewhere in Finland.
Last year, the total sum of housing transactions was good EUR 11.2 billion, which was about EUR 1.2 billion more than in 2011. Slightly over one third of the transactions in the whole country were made in the region of Uusimaa and their value was nearly one half of the total sum.
Source: Prices of Dwellings, Statistics Finland
Inquiries: Petri Kettunen 09 1734 3558, Tomi Martikainen 09 1734 3632, asuminen@stat.fi
Director in charge: Leena Storgårds
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Appendix tables
- Appendix table 1. Unencumbered average prices per square metre of old dwellings in housing companies, March 2013 1) (26.4.2013)
- Appendix table 2. Unencumbered average prices per square metre of blocks of flats, March 2013 1) (26.4.2013)
- Appendix table 3. Unencumbered average prices per square metre of terraced houses, March 2013 1) (26.4.2013)
- Appendix table 4. Unencumbered average prices per square metre of old dwellings in housing companies, February 2013 1) (26.4.2013)
- Appendix table 5. Unencumbered average prices per square metre of old dwellings in housing companies, January, 2013 1) (26.4.2013)
- Figures
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- Appendix figure 1. Average prices per square meter of dwellings in old blocks of flats (26.4.2013)
- Appendix figure 2. Average prices per square meter of dwellings in old terraced houses (26.4.2013)
- Appendix figure 3. Price development of old and new dwellings from 2005 (26.4.2013)
- Appendix figure 4. Changes in prices of dwellings in major cities, 1st quarter 2013, preliminary data (26.4.2013)
- Appendix figure 5. Real Price Index of dwellings in old blocks of flats 1970=100 (26.4.2013)
- Quality descriptions
- Revisions in these statistics
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- Revisions in these statistics (26.4.2013)
Updated 26.4.2013
Official Statistics of Finland (OSF):
Prices of dwellings in housing companies [e-publication].
ISSN=2323-8801. March 2013. Helsinki: Statistics Finland [referred: 28.12.2024].
Access method: http://www.stat.fi/til/ashi/2013/03/ashi_2013_03_2013-04-26_tie_001_en.html