Published: 30 November 2020
Prices of old dwellings in housing companies continued to rise especially in Tampere and Helsinki
According to Statistics Finland's preliminary data, prices of old dwellings in housing companies rose by 4.1 per cent in Greater Helsinki and by 1.4 per cent in the rest of Finland compared to October 2019. Compared to September, prices remained unchanged. The number of transactions of old dwellings in housing companies made through real estate agents remained unchanged compared to one year ago.
Development of prices of old dwellings in housing companies by month 2015–2020M10, index 2015=100
Compared with the corresponding period of last year, prices rose in Southern, Eastern and Western Finland and fell in Northern Finland.
Development of prices of old dwellings in housing companies by month in Major regions 2015–2020M10, index 2015=100
According to preliminary data, prices rose compared to the previous year in Tampere, Helsinki and Espoo of large towns. Compared with last year's October, prices fell in Oulu and Turku and remained almost unchanged in Vantaa.
Development of prices of old dwellings in housing companies by month in large cities in 2015 to 2020M10, index 2015=100
In transactions made through real estate agents, the average selling time (transaction time) of a dwelling in a block of flats sold in October was 51 days in Helsinki, 61 days in Tampere and 67 days in Turku
Prices per square metre of old dwellings in housing companies, October 2020 1)
| Area | Price, EUR/m² | Index 2015=100 | Monthly change, % | Yearly change, % |
| Whole country | 2,195 | 104.5 | 0.0 | 2.8 |
| Greater Helsinki | 3,916 | 114.6 | -0.0 | 4.1 |
| Rest of the country (whole country - Greater Helsinki) | 1,690 | 95.6 | 0.1 | 1.4 |
| Satellite municipalities 2) | 2,221 | 96.1 | -2.0 | 3.4 |
| Helsinki | 4,545 | 119.0 | -0.7 | 5.4 |
| Espoo-Kauniainen | 3,636 | 107.5 | 1.5 | 2.6 |
| Vantaa | 2,763 | 107.6 | 0.5 | 0.7 |
| Tampere | 2,620 | 114.0 | 1.8 | 8.0 |
| Turku | 2,272 | 114.6 | 1.1 | -1.0 |
| Oulu | 1,750 | 97.4 | -5.0 | -5.3 |
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 70 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.
Starting from March 2020, the data used in the statistics on prices of old dwellings in housing companies are the Tax Administration's data on dwellings (data on ownership of dwellings in housing companies). Data on dwellings should not be used to assess the activity of transactions in the latest period.
The numbers and selling times of old dwellings in housing companies sold through real estate agents are based on the data from the price monitoring service of the Central Federation of Finnish Real Estate Agencies.
Source: Prices of dwellings in housing companies, Statistics Finland
Inquiries: Petri Kettunen 029 551 3558, Elina Vuorio 029 551 3385, asuminen.hinnat@stat.fi
Head of Department in charge: Hannele Orjala
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- Revisions in these statistics (30.11.2020)
Updated 30.11.2020
Official Statistics of Finland (OSF):
Prices of dwellings in housing companies [e-publication].
ISSN=2323-8801. October 2020. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/ashi/2020/10/ashi_2020_10_2020-11-30_tie_001_en.html