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Published: 30 July 2021

Transactions of old dwellings in housing companies were more active in the second quarter than one year earlier

According to Statistics Finland's preliminary data, prices of old dwellings in housing companies rose in various parts of Finland in the second quarter of 2021 and in June compared with the corresponding period of last year. In the second quarter, 55 per cent more transactions of old dwellings in housing companies were made through real estate agents than one year ago.

Development of prices of old dwellings in housing companies quarterly in big cities, index 2015=100

Development of prices of old dwellings in housing companies quarterly in big cities, index 2015=100

In the second quarter prices went up in Greater Helsinki by 6.5 per cent and in June by 6.0 per cent in a year. In the rest of Finland prices rose by 4.0 per cent in a year both in the second quarter and in June. Examined by region, prices rose in the second quarter most in Kymenlaakso, Päijät-Häme and Lapland compared to the previous year. Prices fell most in Satakunta, North Karelia and Kainuu.

Development of prices of old dwellings in housing companies by regions, quarterly, index 2015=100

Development of prices of old dwellings in housing companies by regions, quarterly, index 2015=100

Prices of old dwellings in housing companies, 2nd quarter 2021 1)

Area Price, EUR/m² Index 2015=100 Quarterly change, % Yearly change, %
Whole country 2,207 109.7 2.9 5.3
Greater Helsinki 4,107 121.0 2.6 6.5
Rest of the country (whole country- Greater Helsinki) 1,666 99.7 3.3 4.0
Helsinki 4,788 126.7 2.2 6.5
Espoo-Kauniainen 3,804 114.7 3.5 8.5
Vantaa 2,867 106.3 2.5 2.3
Satellite municipalities 2) 2,314 98.9 -0.3 2.3
Tampere 2,781 119.6 4.7 7.6
Turku 2,347 123.4 3.5 6.2
Lahti 1,665 96.2 5.9 9.8
Kuopio 1,881 91.8 2.3 -0.5
Jyväskylä 1,784 94.2 2.6 3.6
Oulu 1,891 106.0 2.7 6.1
1) Preliminary data
2) Satellite municipalities = Hyvinkää, Järvenpää, Kerava, Kirkkonummi, Nurmijärvi, Riihimäki, Sipoo, Tuusula and Vihti

Prices of new dwellings in housing companies rose in the second quarter

Compared to the corresponding period of the year before, prices of new dwellings in housing companies rose in the second quarter of 2021 by 9.4 per cent in Greater Helsinki and by 3.6 per cent in the rest of Finland. Compared to the previous year, prices of new dwellings increased most in Vantaa, Espoo and Helsinki.

Development of prices of new dwellings in housing companies quarterly, index 2015=100

Development of prices of new dwellings in housing companies quarterly, index 2015=100

The statistics on the prices of old dwellings in housing companies are based on the Tax Administration's data on dwellings (data on ownership of dwellings in housing companies). The numbers published from data on dwellings should not be used to assess the activeness of transactions in the latest periods.

When the monthly statistics on prices of old dwellings in housing companies are published for the first time, they cover approximately 60 per cent of all transactions made in the latest statistical reference month. The quarterly statistics include around 70 per cent of transactions in the latest period. Particularly in summer months, the number of transactions in the latest release of the monthly statistics may remain lower than usual and become revised in the coming months. The data become revised during the following months so that the final data for the year are published in the release concerning the first quarter of the following year. Further information about data revisions can be found in separate tables.

The data on new dwellings in housing companies are based on information on the transaction prices reported by the largest building contractors and real estate agents. The numbers of old dwellings in housing companies sold through real estate agents are based on the data from the price monitoring service of the Central Federation of Finnish Real Estate Agencies. As a rule, these data do not become revised retrospectively.

Data on prices of dwellings in housing companies in different areas and by house type are available at stat.fi/til/ashi/tau_en.html. The tables also contain data on the prices per square metre at the municipal and postal code levels and on the numbers of transactions. If only a few transactions are known in the area, a couple of deviating cases may significantly affect the average price for an area and the price index.


Source: Prices of dwellings in housing companies, Statistics Finland

Inquiries: Petri Kettunen 029 551 3558, Elina Peltoniemi 029 551 3088, asuminen.hinnat@stat.fi

Head of Department in charge: Hannele Orjala

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Updated 30.7.2021

Referencing instructions:

Official Statistics of Finland (OSF): Prices of dwellings in housing companies [e-publication].
ISSN=2323-8801. June 2021. Helsinki: Statistics Finland [referred: 28.2.2024].
Access method: http://www.stat.fi/til/ashi/2021/06/ashi_2021_06_2021-07-30_tie_001_en.html