Prices of old houses drop by 7% in Q1

Prices of old dwelling houses fell by 7.0 per cent in the first quarter of 2024 from the stipulated period of previous year and by 5.4 per cent from the previous quarter, according to Statistics Finland,

In the first quarter of 2024, around 11 per cent fewer transactions of old dwelling houses were made than in the corresponding period one year earlier.

Prices of old dwelling houses fell by 9.9 per cent in large towns and by 6.0 per cent in the rest of the country from one year back.

Prices fell most, by over 10 per cent, in municipalities with 60,000 to 100,000 inhabitants.

Prices of dwelling house plots rose by 5.7 per cent in the whole country compared to one year earlier.

Transactions of old dwelling houses decreased most in municipalities with 20,000 to 59,999 inhabitants, where 14 per cent fewer transactions were made than one year earlier.

Seventeen per cent fewer transactions of dwelling house plots were made than in the corresponding period of the previous year.

Prices of new dwelling houses fell by 2.2 per cent from the previous year and by 0.7 per cent from the previous quarter.