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Published: 28 July 2014

Prices of dwellings in housing companies remained almost unchanged in June

According to Statistics Finland’s preliminary data, prices of dwellings in old blocks of flats and terraced houses went down by 0.1 per cent in the whole country from May to June. In Greater Helsinki, prices rose by 0.1 per cent and in the rest of Finland prices fell by 0.2 per cent. Compared with the corresponding period of the previous year, prices fell by 1.4 per cent in the whole country. Prices went down by 0.2 per cent in Greater Helsinki and by 2.3 per cent in the rest of Finland year-on-year.

Development of prices of old dwellings in housing companies by month, index 2010=100

Development of prices of old dwellings in housing companies by month, index 2010=100

In June 2014, the average price per square metre of an old dwelling in a housing company was EUR 2,203 in the whole country, EUR 3,600 in Greater Helsinki and EUR 1,656 elsewhere in the country.

When the monthly statistics on prices of dwellings in housing companies are published they cover approximately 40 per cent of all transactions made in the latest statistical 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. For further information about data revisions, see a separate tables.

Prices of dwellings in housing companies in the second quarter

In the second quarter of 2014, prices of old dwellings in housing companies rose in the whole country by 0.8 per cent from the previous quarter. In Greater Helsinki, prices rose by 1.7 per cent and in the rest of Finland they remained nearly unchanged. Compared with the corresponding period of 2013, prices fell by 0.3 per cent in the whole country. In Greater Helsinki, prices went up by 1.6 per cent, but in the rest of Finland they went down by 1.9 per cent.

Development of prices of old dwellings in housing companies, index 2005=100

Development of prices of old dwellings in housing companies, index 2005=100

In the April to June period, the average price per square metre of an old dwelling in a housing company was EUR 2,295 in the whole country, EUR 3,634 in Greater Helsinki and EUR 1,691 elsewhere in the country.

Compared with the previous quarter, prices of dwellings in new blocks of flats and terraced houses fell by 0.5 per cent in the whole country. In Greater Helsinki, prices went down by 3.3 per cent, while in the rest of Finland they went up by 1.1 per cent.

Compared with the same period in 2013, prices of new units in housing companies rose by 1.5 per cent in the whole country. In Greater Helsinki, prices went down by 1.1 per cent, while in the rest of Finland they went up by 2.9 per cent. The average price per square metre of new units in housing companies was EUR 3,427 in the whole country, EUR 4,466 in Greater Helsinki and EUR 3,053 in the rest of the country.

The results of the monthly and quarterly statistics show deviations because the monthly statistics are produced by a less detailed regional division and have a different weight structure than the quarterly statistics. The base year of the quarterly index is 2005.


Source: Prices of dwellings in housing companies, Statistics Finland

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

Director in charge: Leena Storgårds

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Updated 28.7.2014

Referencing instructions:

Official Statistics of Finland (OSF): Prices of dwellings in housing companies [e-publication].
ISSN=2323-8801. June 2014. Helsinki: Statistics Finland [referred: 28.3.2024].
Access method: http://www.stat.fi/til/ashi/2014/06/ashi_2014_06_2014-07-28_tie_001_en.html