Old dwelling prices rise in big cities in April

Prices of old dwellings in housing companies rose in April in all biggest towns and in all major regions compared with the previous year, according to Statistics Finland.

Prices rose strongly, as a rule, in various parts of Finland in both blocks of flats and attached houses.

In Greater Helsinki, prices of dwellings in blocks of flats rose by 5.4 per cent and in terraced houses by 7.6 per cent year-on-year.

Compared with the corresponding period of last year, prices went up most in Espoo.

In April, the average price per square metre of a dwelling in a terraced house in Espoo was EUR 3,789 and in a block of flats EUR 3,810.

In Oulu the average price per square metre of a dwelling in a terraced house was EUR 1,805 and in a block of flats EUR 2,066.

Examined by major region, prices of old dwellings rose on the annual level most in Southern Finland.

In April to May 2020, dwelling transactions plummeted during corona shutdowns. In this year’s April, nearly twice as many dwelling transactions were made through real estate agents as one year ago. Compared with March 2021, seven per cent fewer transactions were made in April.