Finland Times

 

Development of prices of old dwellings in housing companies, index 2005=100. Source: Prices of dwellings in housing companies, Statistics Finland.

Prices of old dwellings fell throughout the country by 0.7 per cent in the third quarter compared to the previous quarter of 2014. Prices went down by 1.3 per cent in Greater Helsinki and by 0.2 per cent in the rest of Finland.

 

On the other hand, compared with the corresponding period of 2013, prices fell by 1.0 per cent in the whole country. Prices went down by 0.8 per cent in Greater Helsinki and by 1.2 per cent in the rest of Finland.

 

According to Statistics Finland’s preliminary data, in the July to September period the average price per square metre of an old dwelling in a housing company was EUR 2,284. It was EUR 3,582 in Greater Helsinki and EUR 1,698 elsewhere in the country.

 

Compared with the previous quarter, prices of dwellings in new blocks of flats and terraced houses fell by 0.8 per cent in the whole country. In Greater Helsinki, prices went up by 1.5 per cent, but in the rest of Finland they went down by 2.0 per cent.

 

Development of prices of old dwellings in housing companies by month, index 2010=100. Source: Prices of dwellings in housing companies, Statistics Finland.

Compared to the same period of 2013, prices of new units in housing companies rose by 0.5 per cent in the whole country. In Greater Helsinki, prices rose by 1.0 per cent and in the rest of Finland by 0.2 per cent.

 

The average price per square metre of new units in housing companies was EUR 3,453 in the whole country, EUR 4,615 in Greater Helsinki and EUR 3,035 in the rest of the country.

 

Besides, prices of dwellings in old blocks of flats and terraced houses went down by 1.2 per cent in the whole country from August to September. Prices went down by 1.3 per cent in Greater Helsinki and by 1.2 per cent in the rest of Finland. Compared with the corresponding period of the previous year, prices fell by 1.9 per cent in the whole country.

 

Prices went down by 1.7 per cent in Greater Helsinki and by 2.1 per cent in the rest of Finland year-on-year.

 

In September 2014, the average price per square metre of an old dwelling in a housing company was EUR 2,192 in the whole country, EUR 3,546 in Greater Helsinki and EUR 1,661 elsewhere in the country.