Published: 8 November 2019

Non-subsidised rents increased most in Vantaa

Among large cities, the rents of non-subsidised rental dwellings increased most in Vantaa year-on-year in the third 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, Turku and Kuopio compared to 2015. Rent for market financed dwellings have increased least in Seinäjoki, Hämeenlinna and Kotka. In Greater Helsinki, rents have risen by 6.3 per cent and in the rest of the country by 5.2 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, 3rd 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 105.6 0.3 1.4 107 790 14.8 15.8
Greater Helsinki 106.3 0.3 1.7 38 377 19.2 20.6
Rest of the country (whole country - Greater Helsinki) 105.2 0.2 1.2 69 413 12.8 13.8
Helsinki 106.3 0.3 1.6 21 562 20.5 22.1
Helsinki 1 105.1 0.4 1.4 2 770 22.3 25.3
Helsinki 2 106.4 0.3 1.6 8 361 21.6 22.9
Helsinki 3 105.0 0.3 1.8 2 706 19.2 20.2
Helsinki 4 108.1 0.3 1.8 7 725 18.2 19.5
Espoo-Kauniainen 105.4 0.4 1.7 7 774 17.3 18.6
Vantaa 107.4 0.3 1.9 9 041 17.2 18.1
Satellite municipalities 106.0 0.2 1.3 4 868 14.5 15.4
Tampere 106.3 0.3 1.6 10 735 14.8 15.8
Turku 107.0 0.3 1.6 7 668 13.8 15.0
Lahti 104.0 0.1 1.0 3 992 13.2 13.9
Kuopio 106.6 0.2 1.3 3 419 14.3 14.7
Jyväskylä 105.6 -0.0 1.1 5 309 14.1 15.0
Oulu 105.7 0.2 1.4 6 352 12.8 13.5
1) * Number of observations included in the index calculation

The average rent level of non-subsidised rental dwellings is still highest in Helsinki, EUR 20.5 per m². In new tenancies signed in the last six months the average price of a rented square meter was EUR 22.1 per m² in Helsinki, EUR 15.8 per m² in Tampere, and EUR 15.0 per m² in Turku.

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, Elina Vuorio 029 551 3385, asuminen.hinnat@stat.fi

Director in charge: Mari Ylä-Jarkko

Publication in pdf-format (231.3 kB)

Tables

Tables in databases

Appendix tables

Figures

Updated 8.11. 2019

Referencing instructions:

Official Statistics of Finland (OSF): Rents of dwellings [e-publication].
ISSN=1798-1018. 3rd quarter 2019. Helsinki: Statistics Finland [referred: 17.11.2019].
Access method: http://www.stat.fi/til/asvu/2019/03/asvu_2019_03_2019-11-08_tie_001_en.html