Prices of dwellings
|Updated: 26.4.2013 - Next update: 26.7.2013|
Prices of dwellings in housing companies in the first quarter
In the first quarter of 2013, prices of old dwellings rose in the whole country by 0.7 per cent from the previous quarter. Prices went up by 0.9 per cent in Greater Helsinki and by 0.5 per cent elsewhere in Finland. Compared with the corresponding period of the previous year, prices rose by 1.9 per cent in the whole country. Prices went up by 2.7 per cent in Greater Helsinki and by 1.3 per cent elsewhere in Finland.
In January–March, the average price per square metre of an old dwelling in a housing company was EUR 2,245 in the whole country, EUR 3,498 in Greater Helsinki and EUR 1,681 elsewhere in the country.
Prices of new dwellings in blocks of flats and terraced houses rose by 0.5 per cent from the previous quarter in the whole country. In Greater Helsinki, prices went down by 2.7 per cent, while in the rest of Finland they went up by 2.2 per cent. In the first quarter of 2013, the number of dwelling transactions for new dwellings increased by approximately one-fifth compared to the corresponding period last year.
Compared with the same period in 2012, prices of new dwellings rose by 5.4 per cent in the whole country. Prices went up by 4.9 per cent in Greater Helsinki and by 5.7 per cent elsewhere in Finland. The average price per square metre of new dwellings was EUR 3,380 in the whole country, EUR 4,498 in Greater Helsinki and EUR 2,978 in the rest of the country.
The results of the monthly and quarterly statistics show
deviations because the monthly statistics are produced by a less
detailed regional division and have a different weight structure
than the quarterly statistics. The base year of the quarterly index
Statistics Finland, Prices of dwellings
Description of indicator
Price index of dwellings describe the development in the prices of
old dwellings in housing companies.
Real price index indicates the change in real prices compared with the index base time period (year 2000). The real price index is derived by dividing the point figure of the nominal price index with the point figure of the Consumer Price Index of the corresponding time period and base year.
The monthly and quarterly statistics are suitable for monitoring short-term price development whereas the annually produced statistics provide more detailed information on the housing market by area, such as numbers of completed transactions. The data are based on asset transfer tax statements.