Home > Statistics > Real estate prices > 2016 > 2nd quarter > Prices of old detached houses fell by 0.5 per cent year-on-year in April to June

Published: 5 September 2016

Prices of old detached houses fell by 0.5 per cent year-on-year in April to June

In the second quarter of 2016, prices for old single-family houses fell by an average of 0.5 per cent from the previous year in the whole country. In Greater Helsinki, prices went down by 1.4 per cent and in the rest of the country by 0.4 per cent compared with the corresponding period of the previous year. Compared with the previous quarter, prices of old dwellings in detached houses increased by an average of 1.3 per cent in the whole country. 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.

Development of prices in old detached houses, index 2005=100

In the whole country, the average price per square metre for old single-family houses was EUR 1,590 in the second quarter of 2016. In Greater Helsinki, the average price per square metre of single-family houses was EUR 3,127. In the rest of the country, the average price per square metre was EUR 1,507.

In the second quarter of 2016, prices of detached house plots increased by 7.6 per cent in the whole country from the year before. From the previous quarter, prices of plots increased by 6.6 per cent. The average price per square metre for a single-family house plot was EUR 24.1 in the whole country and the average plot size was 2,050 square metres.

In the second quarter of 2016, prices for new single-family houses rose by an average of 1.7 per cent from the previous year in the whole country. Compared with the previous quarter, prices went up by 0.4 per cent. The data for new detached houses are based on the building price index and price data describing professional and own-account construction.

Development of prices in new detached houses, index 2010=100

Source: Real estate prices, Statistics Finland

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

Director in charge: Ville Vertanen

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Appendix tables

• Appendix table 1. Price index for old detached houses, 2nd quarter 2016 (5.9.2016)
• Appendix table 2. Price index for single-family house plots, 2nd quarter 2016 (5.9.2016)
• Appendix table 3. Price index for new detached houses, 2010=100 (5.9.2016)

Figures

• Appendix figure 1. Price development for single-family house plots, index 2005=100 (5.9.2016)

Quality descriptions

• Quality description: Real estate prices (5.9.2016)

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Updated 5.9.2016