Published: 4 June 2019

Prices of old single-family houses fell by 2.6 per cent year-on-year in January to March

In the first quarter of 2019, prices for old single-family houses fell by an average of 2.6 per cent from the previous year in the whole country. In Greater Helsinki, prices went down by 1.1 per cent and in the rest of the country by 2.8 per cent. Compared with the previous quarter, prices of old single-family houses increased by 0.5 per cent. 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 1,580 in the first quarter of 2019. In Greater Helsinki, the average price per square metre of single-family houses was EUR 2,993. In the rest of the country, the average price per square metre was EUR 1,466.

In the first quarter of 2019, prices of detached house plots fell by 2.7 per cent in the whole country from the year before. From the previous quarter, prices of plots fell by 0.2 per cent.

In the first quarter of 2019, prices for new single-family houses rose by 3.4 per cent from the previous year in the whole country. Compared with the previous quarter, prices increased by 0.8 per cent. The data for new single-family houses are based on the construction price 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

Source: Real estate prices, Statistics Finland

Inquiries: Petri Kettunen 029 551 3558, Johanna Vuorio 029 551 3012, asuminen.hinnat@stat.fi

Director in charge: Mari Ylä-Jarkko

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Updated 4.6.2019

Referencing instructions:

Official Statistics of Finland (OSF): Real estate prices [e-publication].
ISSN=2342-8902. 1st quarter 2019. Helsinki: Statistics Finland [referred: 26.6.2019].
Access method: http://www.stat.fi/til/kihi/2019/01/kihi_2019_01_2019-06-04_tie_001_en.html