Tuesday April 13, 2021

Old dwelling prices in Greater Helsinki spike, slide in other places

Published : 31 Mar 2021, 00:01

Updated : 31 Mar 2021, 00:04

  DF Report

DF File Photo.

The prices of old dwellings in housing companies rose by 3.4 per cent in Greater Helsinki in February year on year, according to Statistics Finland.

In the rest of the country the prices fell 0.9 per cent.

Compared to the old dwelling market situation in January, prices went up in Greater Helsinki by 1.2 per cent and in the rest of the country by 1.5 per cent.

In February, 18 per cent more transactions of old dwellings in housing companies were made through real estate agents year on year.

Compared with the old dwelling prices in February 2020, their prices in housing companies rose in Southern Finland and fell in other major regions.

According to the available data, the value of dwelling transactions was nearly EUR 17 billion last year (preliminary data).

Altogether 46 per cent of the value was generated in Greater Helsinki. The six largest towns accounted for 62 per cent of the value. Data on 96,800 dwelling transactions made in 2020 are available with Statistics Finland. Data on the value and number of dwelling transactions are not comparable with earlier years due to data changes.