Prices of dwellings dropped in November

Prices of dwellings in old blocks of flats and terraced houses went down by 1.0 per cent in the whole country from October to November, according to Statistics Finland’s preliminary data.

In Greater Helsinki, prices went down by 0.3 per cent, and in the rest of the country by 1.6 per cent. Compared with the corresponding period of the previous year, prices grew by 0.1 per cent in the whole country. In Greater Helsinki, prices went up by 2.3 per cent, while in the rest of Finland they went down by 1.8 per cent from the year before.

In November 2017, the average price per square metre of an old dwelling in a housing company was EUR 2,274 in the whole country, EUR 3,706 in Greater Helsinki and EUR 1,632 elsewhere in the country.

When the monthly statistics on prices of dwellings in housing companies are published, they cover approximately 50 per cent of all transactions made in the latest statistical month. The monthly data become revised during the following months so that the final data for the year are published in the release concerning the first quarter of the following year. Further information about data revisions can be found in separate tables.