Prices of dwellings

Updated: 30 Jul 2021
Next update: 28 Oct 2021

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 information on old dwellings derive from the statistics on the prices of dwellings in housing companies compiled by Statistics Finland from the Tax Administration’s data. The preliminary data cover roughly two-thirds of completed transactions in old dwellings in blocks of flats and terraced houses. The data on new dwellings in blocks of flats are based on information on the transaction prices of the largest building contractors and estate agents. More detailed price data on dwellings in housing companies are available at http://tilastokeskus.fi/til/ashi/tau_en.html .

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.

   

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.

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.