Published: 28 May 2021

Prices of old dwellings in housing companies rose in different parts of Finland in April

According to Statistics Finland’s preliminary data, prices of old dwellings in housing companies rose in April in all biggest towns and in all major regions compared with the previous year.

Development of prices of old dwellings in housing companies by month in large cities in 2015 to 2021M04, index 2015=100

Development of prices of old dwellings in housing companies by month in large cities in 2015 to 2021M04, index 2015=100

Prices rose strongly, as a rule, in various parts of Finland in both blocks of flats and attached houses. In Greater Helsinki, prices of dwellings in blocks of flats rose by 5.4 per cent and in terraced houses by 7.6 per cent year-on-year.

Compared with the corresponding period of last year, prices went up most in Espoo. In April, the average price per square metre of a dwelling in a terraced house in Espoo was EUR 3,789 and in a block of flats EUR 3,810. In Oulu the average price per square metre of a dwelling in a terraced house was EUR 1,805 and in a block of flats EUR 2,066.

Examined by major region, prices of old dwellings rose on the annual level most in Southern Finland.

Development of prices of old dwellings in housing companies by month in major regions 2015–2021M04, index 2015=100

Development of prices of old dwellings in housing companies by month in major regions 2015–2021M04, index 2015=100

In April to May 2020, dwelling transactions plummeted during corona shutdowns. In this year’s April, nearly twice as many dwelling transactions were made through real estate agents as one year ago. Compared with March 2021, seven per cent fewer transactions were made in April.

Prices per square metre of old dwellings in housing companies, April 2021 1)

Area Price, EUR/m² Index 2015=100 Monthly change, % Yearly change, %
Whole country 2,265 108.3 2.2 4.9
Greater Helsinki 4,029 120.5 0.7 6.1
Rest of the country (whole country - Greater Helsinki) 1,746 97.6 3.7 3.6
Satellite municipalities 2) 2,227 98.6 3.8 5.8
Helsinki 4,664 125.1 0.9 6.2
Espoo-Kauniainen 3,798 117.1 1.7 8.7
Vantaa 2,803 106.4 -2.3 0.9
Tampere 2,752 114.9 2.3 5.8
Turku 2,331 120.1 0.0 2.8
Oulu 1,923 105.2 3.5 6.1
1) Preliminary data
2) Satellite municipalities = Hyvinkää, Järvenpää, Kerava, Kirkkonummi, Nurmijärvi, Riihimäki, Sipoo, Tuusula and Vihti

The statistics on the prices of old dwellings in housing companies are based on the Tax Administration's data on dwellings (data on ownership of dwellings in housing companies). The numbers published from data on dwellings should not be used to assess the activeness of transactions in the latest periods.

When the monthly statistics on prices of old dwellings in housing companies are published for the first time, they cover approximately 60 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.

The numbers of old dwellings in housing companies sold through real estate agents are based on the data from the price monitoring service of the Central Federation of Finnish Real Estate Agencies. As a rule, these data do not become revised retrospectively.

Data on prices of dwellings in housing companies in different areas and by house type are available at stat.fi/til/ashi/tau_en.html. The tables also contain data on the prices per square metre at the municipal and postal code levels and on the numbers of transactions. If only a few transactions are known in the area, a couple of deviating cases may significantly affect the average price for an area and the price index. Instead of individual monthly and annual changes, the development of prices should be examined over a longer time period and not only for a particular point in time.


Source: Prices of dwellings in housing companies, Statistics Finland

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

Head of Department in charge: Hannele Orjala

Publication in pdf-format (354.5 kB)

Tables

Tables in databases

Appendix tables

Quality descriptions
Revisions in these statistics

Updated 28.5.2021

Referencing instructions:

Official Statistics of Finland (OSF): Prices of dwellings in housing companies [e-publication].
ISSN=2323-8801. April 2021. Helsinki: Statistics Finland [referred: 21.6.2021].
Access method: http://www.stat.fi/til/ashi/2021/04/ashi_2021_04_2021-05-28_tie_001_en.html