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1. Prices of old dwellings in blocks of flats rose in July to September 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. Prices went up by 0.4 per cent in Greater Helsinki and by 0.3 per cent elsewhere in Finland. Compared with the corresponding quarter of 2014, prices remained almost unchanged in the whole country. In Greater Helsinki, prices went up by 0.3 per cent, while in the rest of Finland they went down by 0.6 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 0.7 per cent in Greater Helsinki and by 1.0 per cent in the rest of Finland from the previous quarter. Over the same period, prices of two-room flats rose by 0.6 per cent in Greater Helsinki but decreased by 0.5 per cent in the rest of Finland. Prices of three-room and larger flats went up by 0.2 per cent in Greater Helsinki and by 0.8 per cent in the rest of the country.

In the third quarter of 2015, the average price per square metre of an old dwelling in a block of flats was EUR 2,431 in the whole country, EUR 3,724 in Greater Helsinki and EUR 1,710 elsewhere in Finland.

Prices of new dwellings in blocks of flats fell by 0.5 per cent in the whole country from the previous quarter. In Greater Helsinki, prices fell by 1.4 per cent and in the rest of Finland they remained nearly unchanged. Compared with the corresponding period of 2014, prices of new dwellings in blocks of flats went up by 1.9 per cent in the whole country. In Greater Helsinki, prices went down by 1.4 per cent, while in the rest of Finland they went up by 4.2 per cent.

In the third quarter of 2015, the average price per square metre of a new dwelling in a block of flats was EUR 3,926 in the whole country, EUR 5,112 in Greater Helsinki and EUR 3,409 elsewhere in the country.

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: Ville Vertanen

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Updated 28.10.2015