Prices of old 1-dwelling houses drop by 6.8% in Q2 Y-on-Y

Prices of old one-dwelling houses fell by 6.8 per cent in the second quarter of 2024 from the previous year but rose by 0.8 per cent from the previous quarter, according to Statistics Finland.

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

Prices of old one-dwelling houses fell by 2.8 per cent in large towns and by 7.9 per cent in the rest of the country. Prices fell most in municipalities with under 20,000 inhabitants (12.7%).

Prices of one-dwelling house plots rose by 2.3 per cent in the whole country compared to one year earlier.

Transactions of old one-dwelling houses decreased most in municipalities with over 100,000 inhabitants, where 16 per cent fewer transactions were made than one year earlier.

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

Prices of new one-dwelling houses fell by 2.9 per cent from the previous year and by 0.9 per cent from the previous quarter.