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Published: 25 February 2022

Prices of old dwellings in housing companies continued to rise in January

According to Statistics Finland's preliminary data, prices of old dwellings in housing companies rose in January in all the largest towns except Espoo compared with the previous year. In Espoo prices fell by just short of one per cent. In the whole country prices rose by 3.3 per cent from the year before. Compared with December, prices rose by close on one per cent in the whole country. In January, two per cent more sales of old dwellings in blocks of flats and terraced houses were made through real estate agencies than one year ago.

Development of prices of old dwellings in housing companies by month in large cities in 2015 to 2022M01, index 2015=100

Development of prices of old dwellings in housing companies by month in large cities in 2015 to 2022M01, index 2015=100

Among large towns, prices of old dwellings in housing companies rose most in Tampere and Helsinki compared with the corresponding period of last year. Since 2015, prices have gone up by nearly 19 per cent in Tampere and by 27 per cent in Helsinki.

In Greater Helsinki, prices of dwellings in blocks of flats rose by 4.4 per cent and in terraced houses by 1.2 per cent from one year ago.

Examined by major region, prices of old dwellings in housing companies rose in January on the annual level most in Eastern and Northern Finland. Compared to 2015, prices have risen by 13 per cent in Southern Finland. Prices have fallen by one per cent in Northern Finland and by 0.5 per cent in Western Finland. Prices have gone down by over 16 per cent in Eastern Finland.

Development of prices of old dwellings in housing companies by month in major regions 2015–2022M01, index 2015=100

Development of prices of old dwellings in housing companies by month in major regions 2015–2022M01, index 2015=100

Prices per square metre of old dwellings in housing companies, January 2022 1)

Area Price, EUR/m² Index 2015=100 Monthly change, % Yearly change, %
Whole country 2,283 107.8 0.8 3.3
Greater Helsinki 4,080 119.9 1.1 3.4
Rest of the country (whole country - Greater Helsinki) 1,756 97.2 0.4 3.2
Satellite municipalities 2) 2,299 100.3 2.9 4.0
Helsinki 4,742 126.9 2.5 4.9
Espoo-Kauniainen 3,654 109.3 -3.3 -0.9
Vantaa 3,028 108.8 2.9 4.6
Tampere 2,969 118.7 -0.7 7.0
Turku 2,336 118.8 -0.3 1.6
Oulu 1,941 105.9 2.8 3.9
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, Anu Rämö 029 551 3450, asuminen.hinnat@stat.fi

Head of Department in charge: Hannele Orjala

Publication in pdf-format (357.5 kB)

Tables

Tables in databases

Appendix tables

Quality descriptions
Revisions in these statistics

Updated 25.2.2022

Referencing instructions:

Official Statistics of Finland (OSF): Prices of dwellings in housing companies [e-publication].
ISSN=2323-8801. January 2022. Helsinki: Statistics Finland [referred: 7.12.2022].
Access method: http://www.stat.fi/til/ashi/2022/01/ashi_2022_01_2022-02-25_tie_001_en.html