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Latest publication: Prices of dwellings in housing companies 2019, September

Published: 30 April 2010

Prices of dwellings rose in January to March

According to preliminary data, prices of dwellings in old blocks of flats and in terraced houses went up by 2.2 per cent in the whole country compared with the previous quarter. In Greater Helsinki, prices went up by 2.8 per cent and in the rest of the country by 1.7 per cent. Compared with the corresponding period of the year before, prices went up by 11.3 per cent in the whole country. In Greater Helsinki the growth amounted to 15.7 per cent and in the rest of the country to 7.7 per cent.

Real price index* of dwellings in old blocks of flat quarterly I/1970 —I/2010, index 1970=100

 Real price index* of dwellings in old blocks of flat quarterly I/1970 —I/2010, index 1970=100

In the first quarter of 2010 the average price per square metre of an old dwelling in a block of flats was EUR 2,071 in the whole country, EUR 3,169 in Greater Helsinki and EUR 1,576 elsewhere in the country. These data derive from the statistics on the prices of dwellings compiled by Statistics Finland on the basis of the Tax Administration’s data. The preliminary data comprise roughly two-thirds of completed transactions of dwellings in old blocks of flats and in terraced houses.

From the previous quarter prices rose by 2.9 per cent in Helsinki, by 2.3 per cent in Espoo and Kauniainen, and by 3.3 per cent in Vantaa. Prices went up by 2.1 per cent in Tampere, by 3.2 per cent in Turku and by 1.0 per cent in Oulu. Prices declined by 0.4 per cent in Turku. Compared with the corresponding period of the previous year, prices rose by 16.4 per cent in Helsinki, by 15.4 per cent in Espoo and Kauniainen, and by 12.9. per cent in Vantaa. In Tampere they rose by 10.1 per cent, in Turku by 9.0 per cent and in Oulu by 6.6 per cent. When comparing annual changes of dwelling prices it should be noted that in the first quarter of 2009 prices were still falling.

When compared with the previous quarter, the prices of dwellings in new blocks of flats and terraced houses went up by 4.2 per cent in the whole country in January to March 2010. In Greater Helsinki, prices went up by 6.3 per cent and in the rest of Finland by 3.1 per cent. The average price per square metre of new dwellings was EUR 2,955 in the whole country, EUR 3,944 in Greater Helsinki and EUR 2,559 in the rest of Finland. Compared with the corresponding period of the year before, prices of new dwellings went up by 8.4 per cent in the whole country. In Greater Helsinki prices went up by 14.7 per cent and in the rest of Finland by 5.1 per cent. The data are based on the price information of the largest building contractors and estate agents.

Annual statistics for 2009

In 2009 a total of 71,00 transactions of old dwellings in blocks of flats were completed in the whole country. The number of transactions increased in the whole country by slightly over one per cent from the previous year. In Greater Helsinki transactions increased by circa nine per cent, meanwhile in the rest of the country they decreased by over one per cent. Last year the average price per square metre of an old dwelling in a block of flats was EUR 1,934 in the whole country, EUR 2,895 in Greater Helsinki and EUR 1,501 elsewhere in the country. From 2008, prices of old dwellings fell by 0.3 per cent in the whole country. In Greater Helsinki prices remained unchanged, whereas in the rest of Finland they fell by 0.5 per cent.

In last year value of housing transactions was EUR 9.1 billion, which was circa EUR 0.4 billion more than 2008. In the region of Uusimaa transactions were made circa 35 per cent of all transactions and their value was almost one half of the total sum.


Source: House Prices, Statistics Finland

Inquiries: Petri Kettunen (09) 1734 3558, Paula Paavilainen (09) 1734 3397

Director in charge: Kari Molnar

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Updated 30.4.2010

Referencing instructions:

Official Statistics of Finland (OSF): Prices of dwellings in housing companies [e-publication].
ISSN=2323-8801. 1st quarter 2010. Helsinki: Statistics Finland [referred: 14.12.2019].
Access method: http://www.stat.fi/til/ashi/2010/01/ashi_2010_01_2010-04-30_tie_001_en.html