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Home BUSINESSOwner-occupied housing expenditures go up by 0.9% in Q1
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Sat, 04 Jul, 2015 12:16:28 AM
FTimes Report, July 04
 
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 0.9 per cent in the first quarter of 2015 from the respective quarter of the year before, according to Statistics Finland.
 
But 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 rose by 0.6 per cent and purchasing of dwellings became 0.3 per cent more expensive, the preliminary data show.
 
Statistics Finland's indices of owner-occupied housing prices consist of two index series.
 
The first, housing costs of owner-occupied dwellings series describes the development of the costs of owner-occupied dwellings.
 
The housing costs of owner-occupied dwellings consist of the prices of new dwellings purchased by households and other costs of owner-occupied dwellings, like renovations.
 
The second, housing prices series describes the price development of all dwellings.
 
The index is based on the data in the statistics on prices of units in housing companies and real estate prices. The calculation of the statistics is based on Commission Regulation (EC) 93/2013.
 
The indices of owner-occupied housing prices were updated in connection with the release for the first quarter of 2015.
 
The updated indices take into account the annually changing weights and the renewed index series of dwellings in housing companies.
 
 
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