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Latest publication: Real estate prices 2018, 3rd quarter

Published: 6 March 2018

Prices of old single-family houses fell by 1.3 per cent year-on-year in October to December

In the fourth quarter of 2017, prices of old single-family houses fell by an average of 1.3 per cent from the previous year in the whole country. In Greater Helsinki, prices went up by 4.2 per cent while in the rest of the country they fell by 1.9 per cent compared with the corresponding period of the previous year. Compared with the previous quarter, prices of old single-family houses decreased by an average of 2.2 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 2015=100

Development of prices in old detached houses, index 2015=100

In the whole country, the average price per square metre of old single-family houses was EUR 1,543 in the fourth quarter of 2017. In Greater Helsinki, the average price per square metre of single-family houses was EUR 3,083. In the rest of the country, the average price per square metre was EUR 1,438.

In the fourth quarter of 2017, prices of single-family house plots fell by 0.1 per cent in the whole country from the year before. From the previous quarter, prices of plots increased by 0.7 per cent. The average price per square metre for a single-family house plot was EUR 23.7 in the whole country and the average plot size was 2,658 square metres.

In the fourth quarter of 2017, prices for new single-family houses rose by 2.3 per cent from the previous year in the whole country. Compared with the previous quarter, prices rose by 0.7 per cent. The data for new single-family houses are based on the building cost index and price data describing professional and own-account construction.

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

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

In 2017, prices of old single-family houses fell by 1.3 per cent in the whole country. In Greater Helsinki, prices went up by 3.1 per cent, while in the rest of the country they went down by 1.8 per cent. In 2017, the average price per square metre for a single-family house was EUR 3,087 in Greater Helsinki and EUR 1,464 in the rest of the country. Prices of new single-family houses went up by 1.8 per cent in the whole country in 2017.

In 2017, prices of new single-family house plots fell by 0.2 per cent in the whole country. In Greater Helsinki, prices went up by 3.6 per cent, while in the rest of Finland they went down by 1.4 per cent. In 2017, the average price per square metre for a single-family house plot was EUR 158.3 in Greater Helsinki and EUR 16.0 in the rest of the country.


Source: Real estate prices, Statistics Finland

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

Director in charge: Sami Saarikivi

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Updated 6.3.2018

Referencing instructions:

Official Statistics of Finland (OSF): Real estate prices [e-publication].
ISSN=2342-8902. 4th quarter 2017. Helsinki: Statistics Finland [referred: 11.12.2018].
Access method: http://www.stat.fi/til/kihi/2017/04/kihi_2017_04_2018-03-06_tie_001_en.html