Home > Statistics > Prices of dwellings in housing companies > 2019 > April > Prices of old dwellings in housing went up in Greater Helsinki in April

Published: 28 May 2019

Prices of old dwellings in housing went up in Greater Helsinki in April

According to Statistics Finland's preliminary data, prices of old dwellings in housing companies rose by 1.7 per cent in Greater Helsinki in April 2019 compared to April 2018 and decreased by 1.7 per cent in the rest of Finland.

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

Compared to March, prices increased by 0.7 per cent in Greater Helsinki and remained unchanged in the rest of Finland.

Compared with the corresponding period last year, among large cities, prices rose most in April in Turku, Oulu and Helsinki.

In Greater Helsinki, the difference between the price development in Espoo and Vantaa compared to Helsinki has intensified recently. Compared with 2015, prices have risen by some 13 per cent in Helsinki so far this year and by around four per cent in Espoo and in Vantaa.

The preliminary data comprise, on average, one half of completed transactions of old dwellings in blocks of flats and terraced houses.

According to data available to Statistics Finland, 16,137 transactions of old dwellings in housing companies were made in the whole country in January to April, which is 3.6 per cent fewer than in the corresponding period last year. In Greater Helsinki, the number of transactions is 2.2 per cent higher than last year and in the rest of the country 5.9 per cent lower (Appendix table 3).

Prices of old dwellings in housing companies, April 2019 ¹⁾

Area	Price, EUR/m²	Index 2015=100	Monthly change, %	Yearly change, %
Whole country	2,103	102.8	0.4	0.0
Greater Helsinki	3,673	109.7	0.7	1.7
Rest of the country (whole country - Greater Helsinki)	1,635	96.7	0.1	-1.7
Satellite municipalities 2)	2,074	97.7	3.0	-1.8
Helsinki	4,240	113.1	0.4	2.8
Espoo-Kauniainen	3,436	104.4	2.0	-0.4
Vantaa	2,605	103.9	0.0	0.8
Tampere	2,547	106.6	0.9	0.7
Turku	2,095	109.9	-1.2	4.0
Oulu	1,791	105.7	4.3	3.5

1) Preliminary data
2) Satellite municipalities = Hyvinkää, Järvenpää, Kerava, Kirkkonummi, Nurmijärvi, Riihimäki, Sipoo, Tuusula and Vihti

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 reference 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. It is not recommended to use the latest month’s number of transactions when describing the activeness of trading.

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 (325.2 kB)

Tables

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• Database tables and their variables
• Archived tables

Appendix tables

• Appendix table 1. Unencumbered average prices per square metre of old blocks of flats, April 2019 1) (28.5.2019)
• Appendix table 2. Unencumbered average prices per square metre of old terraced houses, April 2019 1) (28.5.2019)
• Appendix table 3. Number of known transactions of old dwellings in housing companies in the early part of the year (28.5.2019)

Quality descriptions

• Quality Description: Prices of dwellings in housing companies (28.5.2019)

Revisions in these statistics

• Revisions in these statistics (28.5.2019)

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Updated 28.5.2019