Finland Times

Prices of old single-family houses grew by an average of 1.5 per cent in the first quarter of 2016 from the previous year in the whole country, according to Statistics Finland’s data.

In Greater Helsinki, prices went down by 0.2 per cent from the corresponding period of the previous year while in the rest of the country they increased by 1.7 per cent.

Compared with the previous quarter, prices of old dwellings in detached houses increased by an average of 1.1 per cent in the whole country as per the data derived from Index of real estate prices.

The Index is compiled by utilising data from the real estate transaction register of the National Land Survey of Finland.

In the whole country, the average price per square metre of old single-family houses was EUR 1,558 in the first quarter of 2016.

In Greater Helsinki, the average price per square metre of single-family houses was EUR 2,964. In the rest of the country, the average price per square metre was EUR 1,480.

In the first quarter of 2016, prices of detached house plots increased by 1.1 per cent in the whole country from the year before.

From the previous quarter, prices of plots decreased by 6.2 per cent. The average price per square metre for a single-family house plot was EUR 33.2 in the whole country and the average plot size was 1,810 square metres.

The prices for new single-family houses rose by 1.3 per cent from the previous year in the whole country.

Compared with the previous quarter, prices rose by 0.3 per cent.

The data for new detached houses are based on the building price index and price data describing professional and own-account construction.