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Home BUSINESSPrices of dwellings goes up slightly
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Thu, 01 May, 2014 12:10:37 AM
FTimes Report, May 1
 
Development of prices of old dwellings in housing companies by month, index 2010=100. Source: Statistics Finland.
Prices of dwellings in old blocks of flats and terraced houses went up by 0.2 per cent throughout the country during February to March period though the price fell by 0.2 per cent compared with the corresponding period of the previous year. 
 
According to Statistics Finland’s preliminary data, in March 2014, the average price per square metre of an old dwelling in a housing company was EUR 2,175 in the whole country, EUR 3,468 in Greater Helsinki and EUR 1,668 elsewhere in the country.
 
In Greater Helsinki, prices remained almost unchanged and in the rest of the country they rose by 0.4 per cent. Compared with the corresponding period of the previous year, prices fell by 0.2 per cent in the whole country, but remained almost unchanged in Greater Helsinki.
 
In the first quarter of 2014, prices of old dwellings fell in the whole country by 0.7 per cent from the previous quarter. During the period, the average price per square metre of an old dwelling in a housing company was EUR 2,267 in the whole country
 
Development of prices of old dwellings in housing companies, index 2005=100. Source: Statistics Finland.
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. The average price per square metre of new units in housing companies was EUR 3,524 in the whole country.
 
In 2013, good 67,300 transactions of old dwellings in housing companies were completed in the entire country. Countrywide number of transactions fell by 11.7 per cent compared to the previous year. Last year, the total sum of housing transactions was close to EUR 10.0 billion, which was about EUR 1.3 billion less than in 2012. 
 
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