Saturday 04.07.2020

House prices rose less in Finland than the EU average

Highest annual increases recorded in Latvia, Luxembourg and Portugal.
A block of flats in Finland. Photo: AI Leino from-Pixabay.
A block of flats in Finland. Photo: AI Leino from-Pixabay.

The average price of housing is proving to be more stable in Finland than in most countries of the European Union.

House prices, as measured by the House Price Index, rose on average by 4.1% in both the euro area and the EU in the third quarter of 2019 compared with the same quarter of the previous year. In Finland, the average annual change was +1.2%.

These figures come from Eurostat, the statistical office of the European Union. Compared with the second quarter of 2019, house prices rose by 1.4% in the euro area and 1.5% in the EU, while in Finland decreased by -0.1%.

Differences among member states

Among the Member States for which data are available, annual increases in house prices were observed in all countries in the third quarter of 2019. The highest increases were recorded in Latvia (+13.5%), Slovakia (+11.5%), Luxembourg (+11.3%) and Portugal (+10.3%).

Compared with the previous quarter, the highest increases were recorded in Latvia (+3.9%) and Slovenia (+3.1%), while decreases were observed in Cyprus (-5.9%), Hungary (-1.5%), Denmark (-0.6%), Italy (-0.3%) and Finland (-0.1%).

Housing-prices-by-eurostat

Source: Eurostat.

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