Thursday December 09, 2021

Price of old single house rise by 5.5% in Q3

Published : 19 Nov 2021, 00:38

Updated : 19 Nov 2021, 00:49

  DF Report

File Photo: VisitFinland.

In the third quarter of 2021, prices of old single-family houses rose by an average of 5.5 per cent in the whole country from the stipulated period of the previous year, according to Statistics Finland.

Compared with the previous quarter, prices of old single-family houses decreased by 0.9 per cent.

In municipalities with more than 100,000 inhabitants prices rose by 5.8 per cent from the year before.

In municipalities with 60,000 to 100,000 inhabitants prices went up by 3.0 per cent, in municipalities with 20,000 to 59,999 inhabitants by 8.9 per cent and in municipalities with fewer than 20,000 inhabitants by 3.5 per cent.

In the whole country, the average price per square metre of old single-family houses was EUR 1,727 in the third quarter of 2021.

The price per square metre was highest in Greater Helsinki, where the price per square metre was EUR 3,557. In municipalities with over 100,000 inhabitants the price per square metre was EUR 2,553 and in municipalities with under 20,000 inhabitants EUR 1,338.

In the third quarter, prices of single-family house plots rose by 12.5 per cent in the whole country from the year before. From the previous quarter, prices of plots increased by 0.4 per cent. The average price per square metre for a detached house plot was EUR 24.3 and the average size of sold plots was 2,703 square metres.

In the third quarter of the current year, around 4,940 transactions of old single-family houses were made, which is about two per cent fewer than in the corresponding period of last year. In the third quarter of 2021, around 1,070 transactions of single-family house plots were made, which is six per cent more than in the third quarter of 2020.

In the third quarter of 2021, prices of new single-family houses went up by 5.7 per cent from the previous year. Compared with the previous quarter, prices rose by 3.4 per cent. The data for new single-family houses are based on the construction price index and price data describing professional and own-account construction.