Prices of old single-family houses grow by 8.3% in Q2

In the second quarter of 2021, prices of old single-family houses rose by an average of 8.3 per cent in the whole country from the previous year, according to Statistics Finland.

Compared with the previous quarter, prices of old single-family houses increased by 3.1 per cent.

In municipalities with over 100,000 inhabitants prices rose by 13.3 per cent from the year before. In municipalities with 60,000 to 100,000 inhabitants prices went up by 8.3 per cent, in municipalities with 20,000 to 59,999 inhabitants by 6.9 per cent and in municipalities with under 20,000 inhabitants by 6.6 per cent.

In the whole country, the average price per square metre for old single-family houses was EUR 1,767 in the second quarter of 2021. The price per square metre was highest in Greater Helsinki, where the price per square metre was EUR 3,728. In municipalities with over 100,000 inhabitants the price per square metre was EUR 2,641 and in municipalities with under 20,000 inhabitants EUR 1,352.

In the second quarter, prices of single-family house plots rose by 15.2 per cent in the whole country from the year before. From the previous quarter, prices of plots increased by 11.4 per cent. The average price per square metre for a single-family house plot was EUR 26.5 and the average size of sold plots was 2,713 square metres.

In the second quarter of the current year, around 5,070 transactions of old single-family houses were made, which is about 36 per cent more than in the corresponding period of last year. In the second quarter of 2021, around 1,590 transactions of single-family house plots were made, which is 76 per cent more than in the second quarter of 2020.