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Home BUSINESSOwner-occupied housing costs up by 1.1%
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Tue, 13 Jan, 2015 12:07:58 AM
FTimes Report, Jan 13
 
Indices of owner-occupied housing prices 2010=100. Source: Indices of owner-occupied housing prices, Statistics Finland.
The housing costs of owner-occupied dwellings increased by 1.1 per cent in the third quarter of 2014 compared to the corresponding quarter of the year before, according to Statistics Finland’ primary data.
 
The price for purchasing dwellings decreased by 0.3 per cent over the same period.
 
Compared with the previous quarter, the housing costs of owner-occupied dwellings remained unchanged and purchasing of dwellings became 0.6 per cent cheaper, the data show.
 
Statistics Finland's indices of owner-occupied housing prices consist of two index series. In the first series, the index of owner-occupied housing expenditures describes the development of the costs of owner-occupied housing.
 
The owner-occupied housing expenditures consist of the prices of new dwellings purchased by households and other costs of owner-occupied housing, like renovations.
 
In the second series, purchases of dwellings describe the price development of all dwellings, according to the index based on the data in the statistics on prices of dwellings in housing companies and real estate prices.
 
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