Housing costs of own dwellings up by 0.6%

The housing costs of owner-occupied dwellings increased by 0.6 per cent in the last quarter of 2016 from the respective quarter of 2015, According to Statistics Finland,

The price of buying a dwelling went up by 1.0 per cent from the corresponding period. Compared with the previous quarter, the housing costs of owner-occupied dwellings rose by 0.6 per cent and purchasing of dwellings became 0.1 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 development of the costs of owner-occupied 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 second, housing prices series describes the price development of all dwellings. The index is based on the data in the statistics on prices of units in housing companies and real estate prices.