Published: 3 September 2020

Prices of old single-family houses fell by 1.3 per cent year-on-year in April to June

In the second quarter of 2020, prices of old single-family houses fell by an average of 1.3 per cent from the previous year. In Greater Helsinki, prices rose by 7.1 per cent and in the rest of the country they fell by 2.2 per cent. Compared with the previous quarter, prices of old single-family houses increased by 2.5 per cent. 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. The statistics cover single-family houses located on own plot.

Development of prices in old single-family houses, index 2015=100

Development of prices in old single-family houses, index 2015=100

In the whole country, the average price per square metre for old single-family houses was EUR 1,597 in the second quarter of 2020. In Greater Helsinki, the average price per square metre of single-family houses was EUR 3,152. In the rest of the country, the average price per square metre was EUR 1,470.

In the second quarter of 2020, prices of single-family house plots increased by 5.7 per cent in the whole country from the year before. From the previous quarter, prices of plots fell by 1.8 per cent. The average price per square metre for a single-family house plot was EUR 21.2 and the average size of sold plots was 2,909 square metres.

In the second quarter of the current year, around eight per cent fewer transactions of old single-family houses were made than in the corresponding period of last year. In Greater Helsinki 16 per cent fewer transactions were made, in the rest of Finland nearly eight per cent fewer.


Source: Real estate prices, Statistics Finland

Inquiries: Petri Kettunen 029 551 3558, Johanna Vuorio 029 551 3012, asuminen.hinnat@stat.fi

Director in charge: Hannele Orjala

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Updated 3.9.2020

Referencing instructions:

Official Statistics of Finland (OSF): Real estate prices [e-publication].
ISSN=2342-8902. 2nd quarter 2020. Helsinki: Statistics Finland [referred: 22.10.2020].
Access method: http://www.stat.fi/til/kihi/2020/02/kihi_2020_02_2020-09-03_tie_001_en.html