Old single-family house price falls by 1.2%

In the last quarter of 2019, prices of old single-family houses fell by an average of 1.2 per cent from the previous year, according to Statistics Finland.

In Greater Helsinki, prices rose by 8.8 per cent and in the rest of the country they fell by 2.3 per cent. Compared with the previous quarter, prices of old single-family houses decreased by an average of two per cent.

These data derive from Statistics Finland’s Index of real estate prices, which is compiled by utilising data from the real estate transaction register of the National Land Survey of Finland. The statistics cover single-family houses located on own plot.

In the whole country, the average price per square metre for old single-family houses was EUR 1,576 in the last quarter of 2019. In Greater Helsinki, the average price per square metre of single-family houses was EUR 3,118. In the rest of the country, the average price per square metre was EUR 1,436.

In the fourth quarter of 2019, prices of single-family house plots fell by 2.1 per cent in the whole country from the year before. From the previous quarter, prices of plots fell by 0.4 per cent. The average price per square metre for a single-family house plot was EUR 25.4 and the average size of sold plots was 2,774 square metres.

In 2019, prices of old single-family houses fell by one per cent in the whole country. In Greater Helsinki, prices went up by 2.4 per cent, while in the rest of Finland they went down by 1.3 per cent. In 2019, the average price per square metre for a single-family house was EUR 3,116 in Greater Helsinki and EUR 1,463 in the rest of the country.

In 2019, prices of single-family house plots fell by three per cent in the whole country. In Greater Helsinki, prices went up by five per cent, while in the rest of Finland they went down by 5.6 per cent. In 2019, the average price per square metre for a single-family house plot was EUR 180.0 in Greater Helsinki and EUR 16.8 in the rest of the country.

Last year, 4.3 per cent more transactions of old single-family houses were made than in the year before. In Greater Helsinki, 21.6 per cent more transactions were made, and in the rest of Finland 3.4 per cent more. The data on the number of transactions of single-family dwellings published by Statistics Finland have been harmonised with those published by the National Land Survey of Finland.