1. Prices of old dwellings in blocks of flats rose in the July to September period

According to preliminary data, prices of old dwellings in blocks of flats rose by 0.6 per cent in the whole country compared to the previous quarter. Prices went up by 0.9 per cent in Greater Helsinki and by 0.2 per cent elsewhere in Finland. Compared to the corresponding quarter of 2016, prices rose by 2.5 per cent in the whole country. Prices went up by 3.8 per cent in Greater Helsinki and by 0.9 per cent in the rest of Finland.

Figure 1. Quarter-on-quarter changes in prices of dwellings in old blocks of flats

Figure 1. Quarter-on-quarter changes in prices of dwellings in old blocks of flats

Viewed by type of apartment, prices of one-room flats went up by 0.4 per cent in Greater Helsinki and they were unchanged in the rest of Finland compared to the previous quarter. Over the same period, prices of two-room flats were unchanged in Greater Helsinki and went down by 0.3 per cent in the rest of Finland. Prices of three-room and larger flats went up by 1.5 per cent in Greater Helsinki and by 0.6 per cent in the rest of the country.

In the third quarter of 2017, the average price per square metre of an old dwelling in a block of flats was EUR 2,555 in the whole country, EUR 4,035 in Greater Helsinki and EUR 1,730 elsewhere in Finland.

Prices of new dwellings in blocks of flats fell by 2.4 per cent in the whole country from the previous quarter. Prices went down by 5.5 per cent in Greater Helsinki and by 0.3 per cent in the rest of Finland. Compared with the corresponding period of 2016, prices of new dwellings in blocks of flats went up by 5.2 per cent in the whole country. Prices rose by 3.5 per cent in Greater Helsinki and by 6.3 per cent elsewhere in Finland.

In the third quarter of 2017, the average price per square metre of a new dwelling in a block of flats was EUR 3,935 in the whole country, EUR 4,800 in Greater Helsinki and EUR 3,557 elsewhere in the country.


Source: Prices of dwellings in housing companies, Statistics Finland

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

Director in charge: Sami Saarikivi


Updated 27.10.2017

Referencing instructions:

Official Statistics of Finland (OSF): Prices of dwellings in housing companies [e-publication].
ISSN=2323-8801. September 2017, 1. Prices of old dwellings in blocks of flats rose in the July to September period . Helsinki: Statistics Finland [referred: 23.11.2017].
Access method: http://www.stat.fi/til/ashi/2017/09/ashi_2017_09_2017-10-27_kat_001_en.html

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