Price of old small houses falls 1.5% in Q2

The prices for old single-family houses fell by an average of 1.5 per cent In the second quarter of 2017 from the previous year in the whole country, according to Statistics Finland.

In Greater Helsinki, prices went up by 4.5 per cent while in the rest of the country they fell by 2.2 per cent 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 2.7 per cent in the whole country.

In the whole country, the average price per square metre for old single-family houses was EUR 1,577 in the second quarter of 2017. In Greater Helsinki, the average price per square metre of single-family houses was EUR 3,093. In the rest of the country, the average price per square metre was EUR 1,484.

In the second quarter of 2017, prices of detached house plots fell by 0.5 per cent in the whole country from the year before. From the previous quarter, prices of plots decreased by 5.7 per cent. The average price per square metre for a single-family house plot was EUR 22.4 in the whole country and the average plot size of sold plots was 2,713 square metres.

In the second quarter of 2017, prices for new single-family houses rose by an average of 1.4 per cent from the previous year in the whole country. Compared with the previous quarter, prices rose by 0.4 per cent. The data for new single-family houses are based on the building cost index and price data describing professional and own-account construction.