Published: 8 August 2019

Non-subsidised rents increased most in the Greater Helsinki area and Turku

Among large cities, the rents of non-subsidised rental dwellings increased most in the Greater Helsinki area and Turku year-on-year in the second quarter of 2019.

The development of rents in non-subsidised rental dwellings, index 2015=100

The development of rents in non-subsidised rental dwellings, index 2015=100

In large cities, the rents of non-subsidised rental dwellings have increased most in Vantaa, Kuopio and Turku compared to 2015. In Greater Helsinki, rents have risen by 6.0 per cent and in the rest of the country by 5.0 per cent.

Compared to the year 2015 rents have risen almost everywhere, but the annual increase in rents has slowed down in recent years across the country.

Rents for non-subsidised rental dwellings, 2nd quarter 2019

Region Index 2015=100 Quarterly change in index, % Yearly change in index, % Number* Rent per square meter (euro/m²) Rent for new tenancies (euro/m²)
Whole country 105.4 0.4 1.2 116 864 14.7 15.7
Greater Helsinki 106.0 0.6 1.5 40 331 19.1 20.6
Rest of the country (whole country - Greater Helsinki) 105.0 0.3 1.1 76 533 12.8 13.4
Helsinki 105.9 0.6 1.5 23 059 20.3 22.2
Helsinki 1 104.7 0.3 1.4 3 027 22.2 25.5
Helsinki 2 106.0 0.7 1.4 9 162 21.4 23.0
Helsinki 3 104.8 0.7 1.5 2 895 19.2 20.8
Helsinki 4 107.8 0.7 1.7 7 975 18.0 19.1
Espoo-Kauniainen 105.1 0.6 1.5 8 014 17.2 18.3
Vantaa 107.1 0.5 1.7 9 258 17.1 18.0
Satellite municipalities 105.8 0.3 1.1 5 149 14.5 15.1
Tampere 106.0 0.4 1.4 11 547 14.7 15.4
Turku 106.6 0.4 1.5 8 434 13.7 14.7
Lahti 103.9 0.3 0.9 4 283 13.2 13.7
Kuopio 106.3 0.2 1.3 3 797 14.2 14.6
Jyväskylä 105.6 0.2 0.9 5 762 13.9 14.1
Oulu 105.4 0.4 1.3 6 916 12.8 13.4
1) * Number of observations included in the index calculation

The average rent level of non-subsidised rental dwellings is still highest in Helsinki. In Helsinki, the average rent per square meter (EUR 20.3 per m²) is around EUR 6 higher than the average rent level in Tampere. In new tenancies signed in the last six months in Helsinki, the average price of a rented square meter was EUR 22.2 per m², in Tampere EUR 15.4 per m², and in Turku it was EUR 14.7 per m².

These data derive from Statistics Finland's quarterly statistics on rents of dwellings, which is based on data from the Social Insurance Institution housing aid register and private rental housing companies.


Source: Rents of dwellings, Statistics Finland

Inquiries: Martti Korhonen 029 551 3451, Heidi Lauttamäki 029 551 3029, asuminen.hinnat@stat.fi

Director in charge: Mari Ylä-Jarkko

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Updated 8.8.2019

Referencing instructions:

Official Statistics of Finland (OSF): Rents of dwellings [e-publication].
ISSN=1798-1018. 2nd quarter 2019. Helsinki: Statistics Finland [referred: 23.8.2019].
Access method: http://www.stat.fi/til/asvu/2019/02/asvu_2019_02_2019-08-08_tie_001_en.html