Home > Statistics > Prices of dwellings in housing companies > 2017 > March > 1. Prices of old dwellings in blocks of flats fell in the January to March period

1. Prices of old dwellings in blocks of flats fell in the January to March period

According to preliminary data, the prices of old dwellings in blocks of flats fell by 0.2 per cent in the whole country compared to the previous quarter. In Greater Helsinki, prices fell by 0.5 per cent and in the rest of Finland they remained nearly unchanged. Compared with the corresponding quarter of 2016, prices rose by 1.0 per cent in the whole country. In Greater Helsinki, prices went up by 2.6 per cent, while in the rest of Finland they went down by 1.0 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 0.5 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 0.3 per cent in Greater Helsinki but decreased by 0.8 per cent in the rest of Finland. Prices of three-room and larger flats went down by 1.1 per cent in Greater Helsinki, but rose by 0.6 per cent in the rest of Finland.

In the first quarter of 2017, the average price per square metre of an old dwelling in a block of flats was EUR 2,480 in the whole country, EUR 3,899 in Greater Helsinki and EUR 1,689 elsewhere in the country.

Prices of new dwellings in blocks of flats went up by 7.0 per cent from the previous quarter in the whole country. Prices went up by 7.2 per cent in Greater Helsinki and by 6.8 per cent elsewhere in Finland. Compared with the corresponding period of 2016, prices of new dwellings in blocks of flats went up by 5.8 per cent in the whole country. Prices went up by 11.3 per cent in Greater Helsinki and by 2.3 per cent elsewhere in Finland.

In the first quarter of 2017, the average price per square metre of a new dwelling in a block of flats was EUR 4,123 in the whole country, EUR 5,397 in Greater Helsinki and EUR 3,567 elsewhere in the country.

In 2016, prices of old dwellings in blocks of flats rose by 1.5 per cent compared with the previous year. Prices went up by 2.6 per cent in Greater Helsinki and by 0.2 per cent in the rest of Finland. In Greater Helsinki, the price per square metre of an old dwelling in a block of flats was EUR 3,825 and in the rest of Finland EUR 1,699.

Source: Prices of dwellings in housing companies, Statistics Finland

Inquiries: Petri Kettunen 029 551 3558, Elina Vuorio 029 551 2661, asuminen.hinnat@stat.fi

Director in charge: Mari Ylä-Jarkko

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Updated 2.5.2017