Prices of dwellings

Updated: 3 May 2019
Next update: 31 Jul 2019

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.

   

Prices of old dwellings in housing companies continued rising in Turku in the first quarter of 2019

According to Statistics Finland's preliminary data, prices of old dwellings in housing companies rose compared to the corresponding quarter of last year by 1.5 per cent in Greater Helsinki, while in the rest of Finland they fell slightly. From the previous quarter, prices fell slightly in Greater Helsinki and elsewhere in Finland.

Preliminary data indicate that of large towns, prices of old dwellings in housing companies rose in Turku by 1.4 per cent from the previous quarter. Compared with the corresponding quarter of 2018, prices went up by 8.5 per cent. Prices of old dwellings in housing companies have risen in Turku compared to 2015 more than in Helsinki. The price rise in Helsinki has evened out during the past few quarters. In the first quarter, the price for a square metre of a one-bedroom dwelling in a block of flats in the most expensive area in Helsinki was EUR 7,327 and in the most expensive area in Turku EUR 3,326.