Prices for old houses continue to rise in Helsinki but fall by 4.5% in Tampere
Among the larger towns, prices went up most in Espoo, by 5 per cent.
According to Statistics Finland's preliminary data, prices rose by 1.5 per cent in Greater Helsinki from October to November, and remained more or less unchanged in the rest of the county. Among the larger towns, prices went up most in Espoo, by five per cent. Prices in Helsinki have been at the same level already for several months. On the contrary, prices fell by 4.5 per cent in Tampere.
Compared with the corresponding period of the year before, prices rose by three per cent in Greater Helsinki and fell by around one per cent elsewhere in Finland. From the year before, prices rose most in Turku, by around six per cent and in Helsinki, by slightly over three per cent.
In November 2018, the average price per square metre of an old dwelling in a housing company was 3,752 euros in Greater Helsinki and 1,610 euros elsewhere in the country. The average price per square metre was 4,298 euros in Helsinki, 2,545 euros in Tampere and 1,748 euros in Oulu.
Less transactions than one year before
According to data available to Statistics Finland, 53,849 transactions of old dwellings in housing companies were made in the whole country in January to November. The number of transactions was 15,607 in Greater Helsinki and 37,898 in the rest of Finland. In the corresponding period of last year, 55,379 transactions were recorded in the whole country. In Greater Helsinki, the number of transactions was 16,217 and in the rest of Finland 39,162.
When the monthly statistics on prices of dwellings in housing companies are published, they cover approximately 50 per cent of all transactions made in the latest statistical reference month. The monthly data become revised during the following months so that the final data for the year are published in the release concerning the first quarter of the following year.