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Published: 27 June 2019

Prices of old dwellings in housing companies rose slightly in May in Greater Helsinki

According to Statistics Finland's preliminary data, prices of old dwellings in housing companies rose by 0.5 per cent in Greater Helsinki in May 2019 compared to May 2018 and decreased by 2.5 per cent in the rest of Finland. In the whole country, prices went down by one per cent.

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

Compared with April, prices rose by 0.7 per cent in Greater Helsinki and decreased by 0.9 per cent elsewhere in Finland.

Compared with the corresponding period last year, among large cities, prices rose clearly only in Oulu in May. Prices rose slightly in Helsinki from the corresponding period in 2018. Compared to April, prices increased in Espoo based on preliminary data. Prices have dropped in Turku in recent months and are now at last year's level.

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, 21,813 transactions of old dwellings in housing companies were made in the whole country in January to May, which is 3.8 per cent fewer than in the corresponding period last year. In Greater Helsinki, the number of transactions is 1.8 per cent lower than last year and in the rest of the country 4.7 per cent lower (Appendix table 3).

Prices per square metre of old dwellings in housing companies, May 2019 ¹⁾

Area	Price, EUR/m²	Index 2015=100	Monthly change, %	Yearly change, %
Whole country	2,126	102.9	-0.1	-1.0
Greater Helsinki	3,780	110.2	0.7	0.5
Rest of the country (whole country - Greater Helsinki)	1,640	96.3	-0.9	-2.5
Satellite municipalities 2)	2,077	95.3	-3.6	-3.9
Helsinki	4,284	112.9	-0.1	0.7
Espoo-Kauniainen	3,580	106.6	2.9	0.3
Vantaa	2,787	104.8	0.5	-0.1
Tampere	2,479	106.7	-1.3	-2.5
Turku	2,098	108.2	-2.3	-0.6
Oulu	1,778	103.2	-0.6	3.0

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 (321.2 kB)

Tables

Tables in databases

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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, May 2019 1) (27.6.2019)
• Appendix table 2. Unencumbered average prices per square metre of old terraced houses, May 2019 1) (27.6.2019)
• Appendix table 3. Number of known transactions of old dwellings in housing companies in the early part of the year (27.6.2019)

Quality descriptions

• Quality Description: Prices of dwellings in housing companies (27.6.2019)

Revisions in these statistics

• Revisions in these statistics (27.6.2019)

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Updated 27.6.2019