Home > Statistics > Real estate prices > 2014 > 3rd quarter > Prices of old detached houses fell by 0.2 per cent year-on-year in July to September

Published: 5 December 2014

Prices of old detached houses fell by 0.2 per cent year-on-year in July to September

In the third quarter of 2014, prices for old single-family houses fell by an average of 0.2 per cent from the previous year in the whole country. In Greater Helsinki, prices went down by 3.7 per cent from the corresponding period last year, while prices rose by 0.2 per cent in the rest of the country. Compared with the second quarter of 2014, prices of old dwellings in detached houses fell by 0.7 per cent in the whole country. These data derive from Statistics Finland’s Index of real estate prices, which is compiled by utilising data from the real estate transaction register of the National Land Survey of Finland.

Development of prices in old detached houses, index 2005=100

In the whole country, the average price per square metre of old single-family houses was EUR 1,501 in the third quarter of 2014. In Greater Helsinki, the average price per square metre of detached houses was EUR 2,988. In the rest of the country, the average price per square metre was EUR 1,432.

In the third quarter of 2014, prices of detached house plots increased in the whole country by 2.2 per cent compared with the corresponding period of the previous year. Compared with the previous quarter, prices of plots fell by 6.3 per cent. The average price per square metre for a single-family house plot was EUR 26.1 in the whole country and the average plot size was 1,914 square metres.

In the third quarter of 2014, prices for new single-family houses rose by an average of 0.7 per cent from the previous year in the whole country. Compared with the previous quarter, prices rose by 0.1 per cent. The data for new detached houses are based on the building price index and price data describing professional and own-account construction.

Development of prices in new detached houses, index 2010=100

Source: Real estate prices, Statistics Finland

Inquiries: Petri Kettunen 029 551 3558, Elina Vuorio 029 551 3385, asuminen.hinnat@stat.fi

Director in charge: Leena Storgårds

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Updated 5.12.2014