Dwellings prices decrease in Q1

Prices of old dwellings in housing companies fell in the whole country by 0.4 per cent in the first quarter of 2018 from the previous quarter, according to Statistics Finland.

In Greater Helsinki, prices went up by 0.2 per cent, while in the rest of Finland they went down by 1.0 per cent.

Compared with the corresponding period of 2017, prices remained more or less unchanged in the whole country. In Greater Helsinki, prices went up by 2.1 per cent, while in the rest of Finland they went down by 1.9 per cent.

In January to March, the average price per square metre of an old dwelling in a housing company was EUR 2,045 in the whole country, EUR 3,593 in Greater Helsinki and EUR 1,584 elsewhere in the country.

Prices of new dwellings in blocks of flats and terraced houses fell by 0.7 per cent in the whole country compared with the previous quarter. In Greater Helsinki, prices went down by 0.2 per cent and in the rest of the country by 0.9 per cent.

Compared with the same period in 2017, prices of new units in housing companies fell by 4.0 per cent in the whole country. Prices went down by 6.7 per cent in Greater Helsinki and by 2.4 per cent in the rest of Finland. The average price per square metre of new units in housing companies was EUR 3,641 in the whole country, EUR 4,691 in Greater Helsinki and EUR 3,270 in the rest of the country.