Published: 18 February 2022
Prices of old single-family houses rose by 3.8 per cent year-on-year in October to December
In the last quarter of 2021, prices of old single-family houses rose by 3.8 per cent in the whole country from the previous year. Compared with the previous quarter, prices of old single-family houses decreased by 1.1 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
In municipalities with over 100,000 inhabitants prices rose by 7.4 per cent from the year before. In municipalities with 60,000 to 100,000 inhabitants prices went up by 6.2 per cent, in municipalities with 20,000 to 59,999 inhabitants by 5.0 per cent and in municipalities with fewer than 20,000 inhabitants prices remained almost unchanged.
In municipalities with over 100,000 inhabitants the price per square metre of single-family houses was EUR 2,630 and in municipalities with fewer than 20,000 inhabitants the price per square metre was EUR 1,339 in the last quarter of 2021. Prices were highest in Greater Helsinki, where the price per square metre was EUR 3,891.
In the last quarter of 2021, prices of single-family house plots increased by 2.3 per cent from the previous year in the whole country. From the previous quarter, prices of plots fell by 4.9 per cent. The average price per square metre for a single-family house plot was EUR 22.1 and the average size of sold plots was 3,016 square metres.
In the last quarter of 2021, prices of new single-family houses went up by 7.1 per cent from the previous year. Compared with the previous quarter, prices rose by 1.4 per cent. The data for new single-family houses are based on the building cost index and price data describing professional and own-account construction.
In 2021, prices of old single-family houses rose by 6.3 per cent in the whole country. In Greater Helsinki, prices went up by 8.4 per cent and in the rest of the country by 6.1 per cent. In 2021, the average price per square metre of an old single-family house was EUR 3,681 in Greater Helsinki and EUR 1,605 elsewhere in the country. Last year, around 17,800 transactions of old single-family houses were made in the whole country, which is over eight per cent more than in 2020.
The prices of single-family house plots increased by 7.7 per cent in the whole country in 2021. In Greater Helsinki, prices went up by 13.6 per cent and in the rest of the country by 5.8 per cent. In 2021, the average price per square metre for a single-family house plot was EUR 209.6 in Greater Helsinki and EUR 18.9 in the rest of the country. Around 24 per cent more plot transactions were made in the whole country than in 2020.
Source: Real estate prices, Statistics Finland
Inquiries: Petri Kettunen 029 551 3558, Anu Rämö 029 551 3450, asuminen.hinnat@stat.fi
Head of Department in charge: Hannele Orjala
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- Quality description: Real estate prices (18.2.2022)
Updated 18.2.2022
Official Statistics of Finland (OSF):
Real estate prices [e-publication].
ISSN=2342-8902. 4th quarter 2021. Helsinki: Statistics Finland [referred: 19.4.2024].
Access method: http://www.stat.fi/til/kihi/2021/04/kihi_2021_04_2022-02-18_tie_001_en.html