Housing costs of dwellings rises 1.6% in Q3

Housing costs of owner-occupied dwellings increased 1.6 per cent in the third quarter of 2017 over the previous year, according to Statistics Finland.

According to the preliminary data, the price of dwellings rose 1.5 per cent in the period from that in the corresponding period of 2016.

Compared with the previous quarter, the housing costs of owner-occupied dwellings remained unchanged and the price level of dwellings became 0.5 per cent cheaper.

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 developments in the costs of owner-occupied dwellings. The housing costs of owner-occupied dwellings consist of dwelling price and other costs such as renovations.

The second one describes developments in the prices of all dwellings.

The index is based on data collected from housing companies and real estate prices. The calculation of the statistics is based on the Commission Regulation (EC) 93/2013.