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Published: 27 January 2017

Prices of dwellings in housing companies decreased in the fourth quarter

According to Statistics Finland's preliminary data, prices of old dwellings in housing companies fell in the whole country by 0.4 per cent in the fourth quarter of 2016 from the previous quarter. In Greater Helsinki, prices went up by 0.2 per cent, while in the rest of Finland they went down by 0.9 per cent. Compared with the corresponding period of 2015, prices rose by 1.2 per cent in the whole country. In Greater Helsinki, prices rose by 2.6 per cent and in the rest of Finland prices fell by 0.1 per cent.

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

In the October to December period, the average price per square metre of an old dwelling in a housing company was EUR 2,295 in the whole country, EUR 3,664 in Greater Helsinki and EUR 1,681 elsewhere in the country.

Prices of new dwellings in blocks of flats and terraced houses grew by 2.2 per cent in the whole country compared with the previous quarter. Prices went up by 2.4 per cent in Greater Helsinki and by 2.1 per cent elsewhere in Finland.

Compared with the same period in 2015, prices of new units in housing companies rose by 0.1 per cent in the whole country. In Greater Helsinki, prices went up by 1.5 per cent, while in the rest of Finland prices went down by 0.7 per cent. The average price per square metre of new units in housing companies was EUR 3,609 in the whole country, EUR 4,688 in Greater Helsinki and EUR 3,228 in the rest of the country.

According to preliminary data, prices of old dwellings in blocks of flats and terraced houses went up by 0.9 per cent from the previous year in the whole of 2016. In Greater Helsinki, prices went up by 2.1 per cent, while in the rest of Finland they went down by 0.1 per cent. In 2016, the average price per square metre was EUR 2,299 in the whole country, EUR 3,633 in Greater Helsinki and EUR 1,701 elsewhere in Finland. Final data on the prices of old dwellings in 2016 will be published on 2 May 2017.

In 2016, prices of new dwellings in blocks of flats and terraced houses went down by 0.4 per cent 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 0.8 per cent compared with the year before. In the whole country, the average price of a new dwelling was EUR 3,589, in Greater Helsinki EUR 4,711 and elsewhere in Finland EUR 3,194.

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 .

Prices of dwellings in housing companies fell in December

According to Statistics Finland’s preliminary data, prices of old dwellings in blocks of flats and terraced houses went down by 0.5 per cent from November to December in the whole country. In Greater Helsinki, prices went up by 0.1 per cent, while in the rest of the country prices went down by 1.0 per cent. Compared with December 2015, prices rose by 0.4 per cent in the whole country. In Greater Helsinki, prices rose by 1.9 per cent and in the rest of Finland they fell by 1.0 per cent.

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

In December 2016, the average price per square metre of an old dwelling in a housing company was EUR 2,242 in the whole country, EUR 3,576 in Greater Helsinki and EUR 1,644 elsewhere in the country.

When the monthly statistics on prices of dwellings in housing companies are published they cover approximately 50 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, Elina Vuorio 029 551 3385, asuminen.hinnat@stat.fi

Director in charge: Mari Ylä-Jarkko

Publication in pdf-format (447.4 kB)

Reviews

• 1. Prices of dwellings in blocks of flats rose in the October to December period (27.1.2017)
• 2. Prices of old dwellings in terraced houses fell in the October to December period (27.1.2017)
• 3. Changes in prices of dwellings and in earnings level (27.1.2017)

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 2016 1) (27.1.2017)
• Appendix table 2. Unencumbered average prices per square metre of blocks of flats, December 2016 1) (27.1.2017)
• Appendix table 3. Unencumbered average prices per square metre of terraced houses, December 2016 1) (27.1.2017)
• Appendix table 4. Unencumbered average prices per square metre of old dwellings in housing companies, November 2016 1) (27.1.2017)
• Appendix table 5. Unencumbered average prices per square metre of old dwellings in housing companies, October 2016 1) (27.1.2017)

Figures

• Appendix figure 1. Average prices per square meter of dwellings in old blocks of flats (27.1.2017)
• Appendix figure 2. Average prices per square meter of dwellings in old terraced houses (27.1.2017)
• Appendix figure 3. Price development of old and new dwellings from 2010 (27.1.2017)
• Appendix figure 4. Changes in prices of dwellings in major cities, 4th quarter 2016 (27.1.2017)
• Appendix figure 5. Real Price Index of dwellings in old blocks of flats 1970=100 (27.1.2017)

Quality descriptions

• Quality Description: Prices of dwellings in housing companies (27.1.2017)

Revisions in these statistics

• Revisions in these statistics (27.1.2017)

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Updated 27.1.2017