Home > Statistics > Prices of dwellings in housing companies > 2015 > September > Prices of dwellings in housing companies remained unchanged in the third quarter

Published: 28 October 2015

Prices of dwellings in housing companies remained unchanged in the third quarter

According to Statistics Finland’s preliminary data, in the third quarter of 2015, prices of old dwellings remained unchanged in the whole country from the previous quarter. In Greater Helsinki, prices went down by 0.1 per cent, while in the rest of Finland they went up by 0.1 per cent. Compared with the corresponding period of 2014, prices fell by 0.5 per cent in the whole country. In Greater Helsinki, prices remained unchanged, while in the rest of the country prices went down by 0.8 per cent.

Development of prices of old dwellings in housing companies, index 2010=100

In July to September, the average price per square metre of an old dwelling in a housing company was EUR 2,278 in the whole country, EUR 3,549 in Greater Helsinki and EUR 1,708 elsewhere in the country.

Prices of new dwellings in blocks of flats and terraced houses remained unchanged in the whole country compared with the previous quarter. In Greater Helsinki, prices fell by 1.8 per cent, while in the rest of the country prices went up by 1.0 per cent.

Compared with the same period in 2014, prices of new units in housing companies rose by 1.7 per cent in the whole country. In Greater Helsinki, prices went down by 2.1 per cent, while in the rest of Finland they went up by 3.9 per cent. The average price per square metre of new units in housing companies was EUR 3,540 in the whole country, EUR 4,752 in Greater Helsinki and EUR 3,112 in the rest of the country.

The information on old dwellings derive from the statistics on the prices of dwellings in housing companies compiled by Statistics Finland from the Tax Administration’s data. The preliminary data cover roughly two-thirds of completed transactions in old dwellings in blocks of flats and terraced houses. The data on new dwellings in blocks of flats are based on information on the transaction prices of the largest building contractors and estate agents. More detailed price data on dwellings in housing companies are available at tilastokeskus.fi/til/ashi/tau_en.html

Prices of dwellings in housing companies fell in September

According to Statistics Finland’s preliminary data, prices of dwellings in old blocks of flats and terraced houses went down by 0.5 per cent in the whole country from August to September. In Greater Helsinki, prices went down by 1.0 per cent and remained almost unchanged in the rest of Finland. Compared with September 2014, prices fell by 0.3 per cent in the whole country. In Greater Helsinki, prices went up by 0.5 per cent, while in the rest of Finland they went down by 1.0 per cent year-on-year.

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

In September 2015, the average price per square metre of an old dwelling in a housing company was EUR 2,246 in the whole country, EUR 3,483 in Greater Helsinki and EUR 1,691 elsewhere in the country.

When the monthly statistics on prices of dwellings in housing companies 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.

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

Publication in pdf-format (446.4 kB)

Reviews

• 1. Prices of old dwellings in blocks of flats rose in July to September period (28.10.2015)
• 2. Prices of old dwellings in terraced houses fell in July to September period (28.10.2015)
• 3. Changes in prices of dwellings and in earnings level (28.10.2015)

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 2015 1) (28.10.2015)
• Appendix table 2. Unencumbered average prices per square metre of blocks of flats, September 2015 1) (28.10.2015)
• Appendix table 3. Unencumbered average prices per square metre of terraced houses, September 2015 1) (28.10.2015)
• Appendix table 4. Unencumbered average prices per square metre of old dwellings in housing companies, August 2015 1) (28.10.2015)
• Appendix table 5. Unencumbered average prices per square metre of old dwellings in housing companies, July 2015 1) (28.10.2015)

Figures

• Appendix figure 1. Average prices per square meter of dwellings in old blocks of flats (28.10.2015)
• Appendix figure 2. Average prices per square meter of dwellings in old terraced houses (28.10.2015)
• Appendix figure 3. Price development of old and new dwellings from 2010 (28.10.2015)
• Appendix figure 4. Changes in prices of dwellings in major cities, 3rd quarter 2015 (28.10.2015)
• Appendix figure 5. Real Price Index of dwellings in old blocks of flats 1970=100 (28.10.2015)

Quality descriptions

• Quality Description: Prices of dwellings in housing companies (28.10.2015)

Revisions in these statistics

• Revisions in these statistics (28.10.2015)

---

Updated 28.10.2015