Home > Statistics > Prices of dwellings in housing companies > 2016 > March > Prices of dwellings in housing companies rose in the first quarter

Published: 28 April 2016

Prices of dwellings in housing companies rose in the first quarter

In the first quarter of 2016, prices of old dwellings in housing companies rose in the whole country by 0.6 per cent from the previous quarter. Prices went up by 0.5 per cent in Greater Helsinki and by 0.7 per cent elsewhere in Finland. Compared with the corresponding period of the previous year, prices rose by 0.8 per cent in the whole country. Prices increased by 1.3 per cent in Greater Helsinki and by 0.3 per cent elsewhere in Finland.

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

In the first quarter, the average price per square metre of an old dwelling in a housing company was EUR 2,293 in the whole country, EUR 3,598 in Greater Helsinki and EUR 1,707 elsewhere in the country.

Prices of new dwellings in blocks of flats and terraced houses fell by 0.4 per cent in the whole country compared with the previous quarter. In Greater Helsinki, prices fell by 2.6 per cent, while in the rest of the country prices went up by 0.9 per cent.

Compared with the same period in 2015, prices of new units in housing companies fell by 1.4 per cent in the whole country. Prices went down by 1.5 per cent in Greater Helsinki and by 1.3 per cent in the rest of Finland. The average price per square metre of new units in housing companies was EUR 3,591 in the whole country, EUR 4,796 in Greater Helsinki and EUR 3,166 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 http://tilastokeskus.fi/til/ashi/tau_en.html .

Annual statistics for 2015

In 2015, nearly 61,600 transactions of old dwellings in housing companies were completed in the whole country. The number of transactions grew by 5.2 per cent in the whole country from the previous year. In Greater Helsinki, the number of transactions rose by 12.3 per cent and in the rest of the country by 2.5 per cent. Last year, the average price per square metre of old dwellings in housing companies was EUR 2,268 in the whole country, EUR 3,549 in Greater Helsinki and EUR 1,694 elsewhere in the country. From 2014, prices of old dwellings fell by 0.8 per cent in the whole country. In Greater Helsinki, prices remained more or less unchanged and in the rest of Finland they fell by 1.5 per cent.

Last year, the total sum of housing transactions was EUR 9.5 billion, which was EUR 0.7 billion more than in 2014. Over one-third of the transactions in the whole country were made in the region of Uusimaa and their value was over one-half of the total sum.

Prices of dwellings in housing companies fell in March

According to Statistics Finland’s preliminary data, prices of old dwellings in blocks of flats and terraced houses went down by 0.4 per cent in the whole country from February to March. In Greater Helsinki, prices went down by 0.4 per cent, and in the rest of the country by 0.5 per cent. Compared with March 2015, prices fell by 0.2 per cent in the whole country. Prices went down by 0.2 per cent in Greater Helsinki and in the rest of Finland.

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

In March 2016, the average price per square metre of an old dwelling in a housing company was EUR 2,256 in the whole country, EUR 3,553 in Greater Helsinki and EUR 1,675 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 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 (447.4 kB)

Reviews

• 1. Prices of dwellings in blocks of flats went up in the January to March period (28.4.2016)
• 2. Prices of old dwellings in terraced houses rose in the January to March period (28.4.2016)
• 3. Changes in prices of dwellings and in earnings level (28.4.2016)

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, March 2016 1) (28.4.2016)
• Appendix table 2. Unencumbered average prices per square metre of blocks of flats, March 2016 1) (28.4.2016)
• Appendix table 3. Unencumbered average prices per square metre of terraced houses, March 2016 1) (28.4.2016)
• Appendix table 4. Unencumbered average prices per square metre of old dwellings in housing companies, February 2016 1) (28.4.2016)
• Appendix table 5. Unencumbered average prices per square metre of old dwellings in housing companies, January 2016 1) (28.4.2016)

Figures

• Appendix figure 1. Average prices per square meter of dwellings in old blocks of flats (28.4.2016)
• Appendix figure 2. Average prices per square meter of dwellings in old terraced houses (28.4.2016)
• Appendix figure 3. Price development of old and new dwellings from 2010 (28.4.2016)
• Appendix figure 4. Changes in prices of dwellings in major cities, 1st quarter 2016* (28.4.2016)
• Appendix figure 5. Real Price Index of dwellings in old blocks of flats 1970=100 (28.4.2016)

Quality descriptions

• Quality Description: Prices of dwellings in housing companies (28.4.2016)

Revisions in these statistics

• Revisions in these statistics (28.4.2016)

---

Updated 28.4.2016