Prices of dwellings 

Updated: 28.4.2014 - Next update: 28.7.2014
   
 
 
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Prices of dwellings in housing companies in the first quarter

In the first quarter of 2014, prices of old dwellings fell in the whole country by 0.7 per cent from the previous quarter. Prices went down by 0.4 per cent in Greater Helsinki and by 1.0 per cent in the rest of Finland. Compared with the corresponding period of 2013, prices remained more or less unchanged in the whole country. In Greater Helsinki, prices went up by 0.9 per cent, whereas in the rest of Finland they fell by 0.8 per cent.

In the January to March period, the average price per square metre of an old dwelling in a housing company was EUR 2,267 in the whole country, EUR 3,547 in Greater Helsinki and EUR 1,689 elsewhere in the country.

Prices of new dwellings in blocks of flats and terraced houses rose by 3.3 per cent from the previous quarter in the whole country. Prices went up by 5.6 per cent in Greater Helsinki and by 2.1 per cent elsewhere in Finland.

Compared with the same period in 2013, prices of new units in housing companies rose by 2.1 per cent in the whole country. Prices went up by 4.9 per cent in Greater Helsinki and by 0.6 per cent elsewhere in Finland. The average price per square metre of new units in housing companies was EUR 3,524 in the whole country, EUR 4,902 in Greater Helsinki and EUR 3,028 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 is 2005.


Source:
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.