Home > Statistics > Prices of dwellings in housing companies > 2015 > March > 1. Prices of dwellings in blocks of flats went up in the January to March period

1. Prices of dwellings in blocks of flats went up in the January to March period

According to preliminary data, the prices of old dwellings in blocks of flats rose by 0.3 per cent in the whole country compared to the previous quarter. In Greater Helsinki, prices went up by 1.1 per cent, while in the rest of Finland they went down by 0.6 per cent. Compared with the corresponding quarter of 2014, prices fell by 0.5 per cent in the whole country. In Greater Helsinki, prices went up by 0.6 per cent, while in the rest of Finland they went down by 1.8 per cent.

Figure 1. Quarter-on-quarter changes in prices of dwellings in old blocks of flats

Viewed by type of apartment, prices of one-room flats went up by 2.9 per cent in Greater Helsinki and by 0.3 per cent in the rest of Finland from the previous quarter. Over the same period, prices of two-room flats rose by 0.9 per cent in Greater Helsinki and went down by 2.3 per cent in the rest of Finland. Prices of three-room and larger flats went up by 1.0 per cent in Greater Helsinki and by 0.5 per cent in the rest of the country.

In the first quarter of 2015, the average price per square metre of an old dwelling in a block of flats was EUR 2,412 in the whole country, EUR 3,736 in Greater Helsinki and EUR 1,674 elsewhere in the country.

Prices of new dwellings in blocks of flats went up by 3.1 per cent from the previous quarter in the whole country. In Greater Helsinki, prices fell by 2.4 per cent, while in the rest of Finland they went up 6.9 per cent. Compared with the corresponding period of 2014, prices of new dwellings in blocks of flats went up by 2.9 per cent in the whole country. In Greater Helsinki, prices went down by 5.7 per cent, while in the rest of Finland they went up by 9.1 per cent.

In the first quarter of 2015, the average price per square metre of a new dwelling in a block of flats was EUR 3,921 in the whole country, EUR 5,152 in Greater Helsinki and EUR 3,384 elsewhere in the country.

Prices of old dwellings in blocks of flats decreased by 0.2 per cent in the whole country in 2014 compared with the previous year. In Greater Helsinki, prices went up by 0.4 per cent, while in the rest of Finland they went down by 0.8 per cent. In Greater Helsinki, the price per square metre of an old dwelling in a block of flats was EUR 3,684 and in the rest of Finland EUR 1,689. In 2014, the price per square metre of a new dwelling in a block of flats was EUR 5,102 in Greater Helsinki and EUR 3,373 elsewhere in the country. Compared with the previous year, prices of dwellings in new blocks of flats rose in the whole country by 2.1 per cent. In Greater Helsinki, prices went up by 1.8 per cent and in the rest of the country by 2.4 per cent.

Source: Prices of dwellings in housing companies, Statistics Finland

Inquiries: Petri Kettunen 029 551 3558, Jaana Hellman 029 551 2661, asuminen.hinnat@stat.fi

Director in charge: Mari Ylä-Jarkko

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Updated 29.4.2015