Statistics on real estate prices renewed

The statistics on real estate prices have been renewed. The revision concerns statistics on prices of old single-family houses and single-family house plots. The statistical models used in index calculations, transaction review procedures, weight structure and classifications have been renewed. The base year of the indices has also been changed. The new base year is 2015=100.

Retrospective time series from 2015 onwards (2015=100) according to the new calculation method have been calculated from the indices of old single-family houses and single-family house plots. Retrospectively calculated data differ from the indices published earlier for the corresponding periods (2005=100 series, 1985=100 series). Because of methodological and classification changes, the index series are not comparable with each other.

Methodological changes are more strongly visible in the price index and prices per square metre for plots. More information about the methodological changes is given in the quality description of the statistics (http://tilastokeskus.fi/til/kihi/laa_en.html).

To enable long-term examination, the index series of old single-family houses and plots 1985=100 are continued by chaining them with changes according to the 2015=100 indices starting from the first quarter of 2017.

Changes are not made to the statistics on prices of new single-family houses.


Average annual changes of prices of plots in 2016, prices for square metre and numbers

Annual change, % Price per square metre, EUR/m2 Number Annual change, % Price per square metre, EUR/m2 Number
Whole country -1.9 21 3 299 3.9 28.7 3 168
Greater Helsinki -1,7 163 261 2.8 169.4 254
Rest of Finland -2 16 3 038 4.2 20.7 2 914
Satellite municipalities 3 43 296 13.1 59.4 285
Municipalities with over 100,000 inh. -0.5 68 683 2.1 105.4 591
Municipalities with 20,000-100,000 inh. 0.6 23 1 163 9.1 30.5 1 145
Municipalities with under 20,000 inh. -7.8 8 1 453 -2.2 10.4 1 432
Southern Finland -1.4 38 1 324 6.3 48.3 1 273
Western Finland -4.4 15 1 114 -3.8 18.9 1 080
Eastern Finland -6.4 9 309 18.6 18.5 295
Northern Finland 5.2 10 552 -1.7 12.7 520

Average annual changes of prices of single-family houses in 2016, prices for square metre and numbers

New calculation method     Old calculation method    
Annual change, % Price for square metre, EUR/m2 Number Annual change, % Price for square metre, EUR/m2 Number
Whole country 0.1 1 549 12 697 1.1 1 568 12 126
Greater Helsinki -1.1 3 036 611 1.9 3 094 600
Rest of Finland 0.3 1 463 12 086 1 1 485 11 526
Satellite municipalities 1.7 2 107 912 1 2 101 895
Municipalities with over 100,000 inh. Municipalities with 0.1 2 198 1 911 1.3 2 250 1 642
60,000-100,000 inh. 1.3 1 344 1 477 3.9 1 367 1 246
Municipalities with 20,000-59,999 inh. 1.5 1 660 3 827 0.8 1 656 3 963
Municipalities with under 20,000 inh. -1.1 1 262 5 482 0.8 1 298 5 275
Southern Finland 0.4 1 782 5 816 1.6 1 782 5 613
Western Finland -0.8 1 416 3 918 0 1 439 3 755
Eastern Finland 1.8 1 272 1 334 3.5 1 316 1 206
Northern Finland -0.4 1 221 1 629 -0.2 1 253 1 552

 


Last updated 5.6.2017

Referencing instructions:

Official Statistics of Finland (OSF): Real estate prices [e-publication].
ISSN=2342-8902. Helsinki: Statistics Finland [referred: 21.8.2019].
Access method: http://www.stat.fi/til/kihi/kihi_2017-06-05_uut_001_en.html