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Published: 28 August 2018

Prices of dwellings in housing companies fell in July

According to Statistics Finland’s preliminary data, prices of dwellings in old blocks of flats and terraced houses went down by 0.7 per cent in the whole country from June to July. In Greater Helsinki, prices went down by 1.1 per cent and in the rest of the country by 0.3 per cent. Compared with the corresponding period of the previous year, prices grew by 0.7 per cent in the whole country. In Greater Helsinki, prices went up by 2.8 per cent, while in the rest of Finland they went down by 1.3 per cent from the year before.

Development of prices of old dwellings in housing companies by month, index 2015=100

In July 2018, the average price per square metre of an old dwelling in a housing company was EUR 2,119 in the whole country, EUR 3,652 in Greater Helsinki and EUR 1,657 elsewhere in the country.

According to data available to Statistics Finland, 31,835 transactions of old dwellings in housing companies were made in the whole country in January to July. The number of transactions was 9,315 in Greater Helsinki and 22,285 in the rest of Finland. In the corresponding period of last year, 32,018 transactions were recorded in the whole country. In Greater Helsinki, the number of transactions was 9,227 and in the rest of Finland 22,791.

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. Further information about data revisions can be found in 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

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Tables

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Appendix tables

• Appendix table 1. Unencumbered average prices per square metre of old dwellings in housing companies, July 2018 1) (28.8.2018)
• Appendix table 2. Unencumbered average prices per square metre of old blocks of flats, July 2018 1) (28.8.2018)
• Appendix table 3. Unencumbered average prices per square metre of old terraced houses, July 2018 1) (28.8.2018)
• Appendix table 4. Number of known transactions of old dwellings in housing companies in the early part of the year (28.8.2018)

Quality descriptions

• Quality Description: Prices of dwellings in housing companies (28.8.2018)

Revisions in these statistics

• Revisions in these statistics (28.8.2018)

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Updated 28.8.2018