Published: 7 May 2020

Non-subsidised rents increased most in Greater Helsinki

The rents of non-subsidised rental dwellings increased most in the year in Greater Helsinki in the first quarter of 2020.

The development of rents in non-subsidised rental dwellings, index 2015=100

The development of rents in non-subsidised rental dwellings, index 2015=100

In large towns, the rents of non-subsidised rental dwellings have increased most in Helsinki, Vantaa, Turku and Tampere compared to 2015. The rise in rents was lowest in Seinäjoki, Kotka and Hämeenlinna. In Greater Helsinki, rents have risen by 7.3 per cent and in the rest of the country by 5.8 per cent from 2015.

Rents for non-subsidised rental dwellings, 1st quarter 2020

Region Index 2015=100 Quarterly change in index, % Yearly change in index, % Number* Rent per square meter (euro/m²) Rent for new tenancies (euro/m²)
Whole country 106.3 0.3 1.3 117 594 15.2 16.2
Greater Helsinki 107.3 0.5 1.8 41 998 19.9 21.3
Rest of the country (whole country - Greater Helsinki) 105.8 0.2 1.0 75 596 13.1 13.6
Helsinki 107.3 0.4 1.8 23 948 21.1 22.7
Helsinki 1 105.9 0.3 1.5 3 074 23.1 26.1
Helsinki 2 107.4 0.5 2.0 9 744 22.2 23.8
Helsinki 3 105.7 0.4 1.6 2 957 19.8 20.2
Helsinki 4 109.2 0.5 2.0 8 173 18.6 19.2
Espoo-Kauniainen 106.4 0.5 1.8 8 308 18.1 19.2
Vantaa 108.3 0.5 1.7 9 742 17.8 18.9
Satellite municipalities 106.7 0.3 1.1 5 097 14.8 15.4
Tampere 107.3 0.4 1.6 11 881 15.2 15.7
Turku 107.9 0.4 1.6 8 539 14.2 15.2
Lahti 104.0 0.1 0.5 4 282 13.5 13.7
Kuopio 106.9 0.1 0.7 3 721 14.5 14.6
Jyväskylä 105.8 0.1 0.4 5 730 14.4 14.6
Oulu 106.6 0.4 1.5 6 755 13.2 13.5
1) * Number of observations included in the index calculation

The average rent level of non-subsidised rental dwellings is still highest in Helsinki, EUR 21.1 per m². In new tenancies signed in the last six months, the average price of a rented square meter was EUR 22.7 per m² in Helsinki, EUR 15.7 per m² in Tampere, and EUR 15.2 per m² in Turku.

These data derive from Statistics Finland's quarterly statistics on rents of dwellings, which is based on data from the Social Insurance Institution housing aid register and private rental housing companies.


Source: Rents of dwellings, Statistics Finland

Inquiries: Martti Korhonen 029 551 3451, Elina Peltoniemi 029 551 3088, asuminen.hinnat@stat.fi

Director in charge: Mari Ylä-Jarkko

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Updated 7.5.2020

Referencing instructions:

Official Statistics of Finland (OSF): Rents of dwellings [e-publication].
ISSN=1798-1018. 1st quarter 2020. Helsinki: Statistics Finland [referred: 12.7.2020].
Access method: http://www.stat.fi/til/asvu/2020/01/asvu_2020_01_2020-05-07_tie_001_en.html