Published: 28 August 2019

Prices of old dwellings in housing companies rose on annual level in Greater Helsinki and declined in the rest of Finland

According to Statistics Finland's preliminary data, prices of old dwellings in housing companies rose compared to July 2018 by about two per cent in Greater Helsinki, while in the rest of Finland they fell by 2.8 per cent.

Development of prices of old dwellings in housing companies by month, index 2015=100. The heading of the figure was corrected on 29 August 2019.

Development of prices of old dwellings in housing companies by month, index 2015=100. The heading of the figure was corrected on 29 August 2019.

Compared to June, prices went down by 1.7 per cent in Greater Helsinki and in the rest of Finland by 1.5 per cent.

Compared with the corresponding period last year, among large cities, prices of old dwellings in housing companies rose clearly only in Helsinki. In Espoo and Vantaa, the prices remained on level with the previous year. In the other large cities, prices have gone down from last year according to preliminary data.

The preliminary data comprise, on average, one half of completed transactions of old dwellings in blocks of flats and terraced houses. Particularly in summer months, the number of transactions in the latest release of the monthly statistics may remain lower than usual and be supplemented in the coming months. The price development should also be examined over a longer period than one month.

According to data available to Statistics Finland, 31,902 transactions of old dwellings in housing companies were made in the whole country in January to July, which is on level with the previous year. In Greater Helsinki the number of known transactions is 4.2 higher than in the corresponding period in the previous year. In the rest of the country, the number of known transactions is 1.6 per cent lower than in the previous year (Appendix table 3).

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

Area Price, EUR/m² Index 2015=100 Monthly change, % Yearly change, %
Whole country 2,132 102.6 -1.6 -0.4
Greater Helsinki 3,709 110.2 -1.7 2.1
Rest of the country (whole country - Greater Helsinki) 1,660 95.8 -1.5 -2.8
Satellite municipalities 2) 2,065 96.2 -3.1 -1.9
Helsinki 4,279 114.0 -1.5 3.1
Espoo-Kauniainen 3,399 104.1 -2.7 0.3
Vantaa 2,720 104.5 -0.5 0.6
Tampere 2,345 103.1 -4.7 -3.8
Turku 2,079 106.2 -3.0 -4.3
Oulu 1,937 96.8 -4.0 -4.9
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

Appendix tables

Quality descriptions
Revisions in these statistics

Updated 28.8.2019

Referencing instructions:

Official Statistics of Finland (OSF): Prices of dwellings in housing companies [e-publication].
ISSN=2323-8801. July 2019. Helsinki: Statistics Finland [referred: 17.9.2019].
Access method: http://www.stat.fi/til/ashi/2019/07/ashi_2019_07_2019-08-28_tie_001_en.html