Home > Statistics > Prices of dwellings in housing companies > 2015 > December > Prices of dwellings in housing companies fell in the fourth quarter

Published: 28 January 2016

Prices of dwellings in housing companies fell in the fourth quarter

Corrected on 29 January 2016. Appendix figure 4.

According to Statistics Finland's preliminary data, prices of old dwellings in housing companies fell in the whole country by 0.2 per cent in the fourth quarter of 2015 from the previous quarter. 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. Compared with the corresponding period of the previous year, prices rose by 0.2 per cent in the whole country. In Greater Helsinki, prices went up by 1.4 per cent and in the rest of the country they went down by 0.9 per cent.

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

In October to December, the average price per square metre of an old dwelling in a housing company was EUR 2,274 in the whole country, EUR 3,557 in Greater Helsinki and EUR 1,699 elsewhere in the country.

Prices of new dwellings in blocks of flats and terraced houses went up by 1,0 per cent in the whole country compared with the previous quarter. In Greater Helsinki, prices rose by 2.7 per cent, and in the rest of the country prices remained unchanged.

Compared with the same period in 2014, prices of new units in housing companies rose by 1.9 per cent in the whole country. In Greater Helsinki, prices went up by 0.2 per cent, while in the rest of Finland they rose by 2.8 per cent. The average price per square metre of new units in housing companies was EUR 3,553 in the whole country, EUR 4,879 in Greater Helsinki and EUR 3,085 in the rest of the country.

These data 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 two-thirds of completed transactions in old dwellings in blocks of flats and terraced houses. The data on new dwellings in housing companies are based on information on the transaction prices of the largest building contractors and estate agents. More detailed data on prices of dwellings in different areas are available at tilastokeskus.fi/til/ashi/tau_en.html

Prices of dwellings in housing companies rose in December

According to Statistics Finland’s preliminary data, prices of old dwellings in blocks of flats and terraced houses went up by 0.2 per cent from November to December in the whole country. In Greater Helsinki, prices went up by 1.8 per cent and in the rest of the country they went down by 1.3 per cent. Compared with December 2014, prices rose by 0.6 per cent in the whole country. In Greater Helsinki, prices went up by 3.1 per cent, while in the rest of Finland they went down by 1.7 per cent year-on-year.

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

In December 2015, the average price per square metre of an old dwelling in a housing company was EUR 2,247 in the whole country, EUR 3,545 in Greater Helsinki and EUR 1,665 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. Further information about data revisions can be found in separate tables.

Source: Prices of dwellings in housing companies, Statistics Finland

Inquiries: Martti Korhonen 029 551 3451, Outi Hautamäki 029 551 3472, asuminen.hinnat@stat.fi

Director in charge: Ville Vertanen

Publication in pdf-format (456.5 kB)

Reviews

• 1. Prices of old dwellings in blocks of flats remained almost unchanged in October to December period (28.1.2016)
• 2. Prices of old dwellings in terraced houses fell in October to December period (28.1.2016)
• 3. Changes in prices of dwellings and in earnings level (28.1.2016)

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, December 2015 1) (28.1.2016)
• Appendix table 2. Unencumbered average prices per square metre of blocks of flat, December 2015 1) (28.1.2016)
• Appendix table 3. Unencumbered average prices per square metre of terraced houses, December 2015 1) (28.1.2016)
• Appendix table 4. Unencumbered average prices per square metre of old dwellings in housing companies, November 2015 1) (28.1.2016)
• Appendix table 5. Unencumbered average prices per square metre of old dwellings in housing companies, October, 2015 1) (28.1.2016)

Figures

• Appendix figure 1. Average prices per square meter of dwellings in old blocks of flats (28.1.2016)
• Appendix figure 2. Average prices per square meter of dwellings in old terraced houses (28.1.2016)
• Appendix figure 3. Price development of old and new dwellings from 2010 (28.1.2016)
• Appendix figure 4. Changes in prices of dwellings in major cities, 4th quarter 2015 (28.1.2016)
• Appendix figure 5. Real Price Index of dwellings in old blocks of flats 1970=100 (28.1.2016)

Quality descriptions

• Quality Description: Prices of dwellings in housing companies (28.1.2016)

Revisions in these statistics

• Revisions in these statistics (28.1.2016)

---

Updated 28.1.2016