Finland Times

 

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 second quarter of 2016 from the respective quarter of the last year, according to Statistics Finland’s data.

 

The price of buying a dwelling went up by 0.8 per cent from the corresponding period. Compared with the previous quarter, the housing costs of owner-occupied dwellings rose by 0.3 per cent and purchasing of dwellings became 1.0 per cent more expensive.

 

Statistics Finland's indices of owner-occupied housing prices consist of two index series—firstly, housing costs of owner-occupied dwellings series describes the development of the costs of owner-occupied dwellings and secondly, housing prices series describes the price development of all 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 index is based on the data in the statistics on prices of units in housing companies and real estate prices.