Published: 30 December 2020
Strong upswing continued in dwelling transactions in November
According to Statistics Finland's preliminary data, prices of old dwellings in housing companies rose by six per cent in Greater Helsinki in November compared with the previous year. Elsewhere in the country prices remained on last year's level. Compared to October, prices went up in Greater Helsinki by 1.7 per cent and fell in the rest of the country by 1.3 per cent. Nearly one fifth more transactions of old dwellings in housing companies were made through real estate agents than one year ago.
Development of prices of old dwellings in housing companies by month 2015–2020M11, index 2015=100
Compared with the corresponding period of the year before, prices of old dwellings in housing companies rose in Southern, Northern and Western Finland and fell in Eastern Finland.
Development of prices of old dwellings in housing companies by month in Major regions 2015–2020M11, index 2015=100
According to preliminary data, in large towns prices rose in Helsinki, Tampere, Espoo and Oulu compared to last year. Compared to last year's November, prices fell in Vantaa and were on level with the previous year in Turku. In Turku prices have fallen in recent months compared with spring and the development of prices has been different compared to Helsinki and Tampere.
Development of prices of old dwellings in housing companies by month in large cities in 2015 to 2020M11, index 2015=100
When examining the data for greater Helsinki, Helsinki, Turku and Tampere, the lower level of the indices one year ago should be taken into account.
In January to November, the numbers of dwelling transactions made through real estate agents have risen in Espoo and Oulu and in the surrounding municipalities and fallen most in Turku.
According to preliminary data, dwelling transactions amounting to EUR 12 billion were made in January to September, which is around five per cent more than one year ago. In Greater Helsinki, the value of transactions is around seven per cent and in the rest of the country around two per cent higher than in the previous year.
Prices per square metre of old dwellings in housing companies, November 2020 1)
| Area | Price, EUR/m² | Index 2015=100 | Monthly change, % | Yearly change, % |
| Whole country | 2,207 | 104.7 | 0.2 | 3.0 |
| Greater Helsinki | 3,999 | 116.1 | 1.7 | 6.0 |
| Rest of the Country (whole country - Greater Helsinki) | 1,687 | 94.7 | -1.3 | 0.0 |
| Satellite municipalities 2) | 2,180 | 95.9 | -0.1 | 2.8 |
| Helsinki | 4,652 | 121.4 | 2.5 | 8.2 |
| Espoo-Kauniainen | 3,708 | 109.0 | 1.3 | 4.5 |
| Vantaa | 2,808 | 105.5 | -1.4 | -1.6 |
| Tampere | 2,649 | 111.9 | -1.8 | 7.0 |
| Turku | 2,214 | 109.7 | -3.8 | 0.1 |
| Oulu | 1,748 | 101.8 | 5.1 | 4.0 |
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 (30.12.2020)
Updated 30.12.2020
Official Statistics of Finland (OSF):
Prices of dwellings in housing companies [e-publication].
ISSN=2323-8801. November 2020. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/ashi/2020/11/ashi_2020_11_2020-12-30_tie_001_en.html