Wednesday 1/20/21
REAL ESTATE

Prices for existing homes rose in Helsinki and fell in Vantaa

In Turku prices have fallen in recent months compared with spring and the development of prices has been different compared to Helsinki and Tampere.

According to Statistics Finland's preliminary data, prices of existing dwellings in housing companies rose by 6% in Greater Helsinki in November compared with the previous year. Elsewhere in the country prices remained on last year's level.

Compared to October, prices went up in Greater Helsinki by 1.7% and fell in the rest of the country by 1.3%. Nearly one fifth more transactions of existing dwellings in housing companies were made through real estate agents than one year ago.

According to preliminary data, in large towns prices rose in Helsinki, Tampere, Espoo and Oulu compared to last year's November. By contrast, prices fell in Vantaa and were on level with the previous year in Turku.

In Turku prices have fallen in recent months compared with spring and the development of prices has been different compared to Helsinki and Tampere.

Prices-old-existing-dwellings-November-2020

Source: Statistics Finland.

When examining the data for Greater Helsinki, Helsinki, Turku and Tampere, the lower level of the indices one year ago should be taken into account.

By region

In regional terms, prices of old dwellings in housing companies rose in Southern, Northern and Western Finland and fell in Eastern Finland compared with the corresponding period of the year before.

Price-existing-dwellings- by region November-2020Source: Statistics Finland.

In January to November, the numbers of dwelling transactions made through real estate agents have risen in Espoo and Oulu and in the surrounding municipalities and fallen most in Turku.

According to preliminary data, dwelling transactions amounting to 12 billion euros were made in January to September, which is around 5% more than one year ago. In Greater Helsinki, the value of transactions is around 7% per cent and in the rest of the country around 2% higher than in the previous year.

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