Finland Times

The price of residential house, both new and old has been increased in the country last year compared to the price of the previous year of 2011.

The prices of new dwellings in blocks of flats and terraced houses rose by 5.9 percent in the year 2012, according to the preliminary report of the Statistics Finland.

The report released here last week said that in greater Helsinki, the prices went up by 9.7 percent and in the rest of the country by 3.9 percent compared to the previous year. In the whole country, the average price of per square metre of a new dwelling was EUR 4,605 in greater Helsinki and EUR 3,359 in whole country.

The prices of old dwelling houses increased by 1.7 percent in the last year compared to the price of the year 2011, said the preliminary report.

In greater Helsinki, prices increased by 2.4 percent and in the rest of the country by 1.1 percent.

In 2012, the average price of per square metre was EUR 2,224 in the whole country while EUR 3,442 in greater Helsinki.

The price, however, reduced slightly in December last year compared to the price of the previous month in the same year. The prices fell by 0.3 percent in the whole country in December compared to the November.

The price, rose by 3.7 percent than the price of in the corresponding month of the year 2011.

The price of old house increased by 5.2 percent in the greater Helsinki area while 2.4 percent in the rest of the country.