Finland Times

 

Development of prices in old detached houses, index 2005=100. Source: Real estate prices, Statistics Finland.

The prices for old single-family houses fell by an average of 0.5 per cent from the previous year in the whole country in the second quarter of 2016, according to Statistics Finland’s data.

 

The prices went down by 1.4 per cent in Greater Helsinki and by 0.4 per cent in the rest of the country compared with the corresponding period of the previous year.

 

Compared with the previous quarter, prices of old dwellings in detached houses increased by an average of 1.3 per cent in the whole country as per the data derived from Index of real estate prices, which 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 for old single-family houses was EUR 1,590 in the second quarter of 2016., The average price per square metre of single-family houses was EUR 3,127 in Greater Helsinki while it was EUR 1,507 in the rest of the country, the statistics show.

 

In the second quarter of 2016, prices of detached house plots increased by 7.6 per cent in the whole country from the year before. From the previous quarter, prices of plots increased by 6.6 per cent.

 

Development of prices in new detached houses, index 2010=100. Source: Real estate prices, Statistics Finland.

The average price per square metre for a single-family house plot was EUR 24.1 in the whole country and the average plot size was 2,050 square metres.

 

In the second quarter of 2016, prices for new single-family houses rose by an average of 1.7 per cent from the previous year in the whole country.

 

Compared with the previous quarter, the prices went up by 0.4 per cent.

 

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