Old single-family house prices slide a little

Prices of old single-family houses in the country fell by an average of 0.7 per cent in the first quarter of 2017 from that in the corresponding period of 2016, according to Statistics Finland.

In Greater Helsinki, however, the prices went up by 0.6 per cent, while in the rest of Finland the prices went down by 0.9 per cent year on year.

Compared with the previous quarter, prices of old dwellings in detached houses increased by an average of 0.5 per cent in the whole country. These data derive from Statistics Finland’s Index of Real Estate Prices compiled by utilising data from the real estate transaction register of the National Land Survey of Finland.

In the whole country, the average price per square metre of old single-family houses was EUR 1,549 in the first quarter of 2017. In Greater Helsinki, the average price per square metre of old single-family houses was EUR 3,044. In the rest of the country, the average price per square metre was EUR 1,447.

In the first quarter of 2017, the prices of single-family housing plots increased by 0.8 per cent in the whole country over the year. The prices of plots increased by 5.7 per cent that in the previous quarter. The average price per square metre for a single-family housing plot was EUR 24.4 in the whole country and the average size of plots sold was 2,749 square metres.

In the first quarter of 2017, prices for new single-family houses rose by 1.4 per cent year on year in the whole country. Compared with the previous quarter, prices rose by 0.3 per cent. The data for new single-family houses are based on the building cost index and the price data describing professional and own-account construction.