Housing price index

Last updated 27/03/2019 - 09:22

The average price per square metre of pre-owned flats was EUR 3,900 in the Helsinki Metropolitan Area

In the last quarter of the year, the prices of pre-owned flats in the Helsinki Metropolitan Area increased according to preliminary information by 3 per cent from the previous year, with the average price per square metre being approximately EUR 3,900. Compared to 2010, the prices had increased by 23 per cent, and compared to 2015, the increase was a tenth. In Finland, outside of the Helsinki Metropolitan Area, the housing prices in October-December were practically the same compared to the previous year, with the average price per square metre being EUR 1,610. Compared to 2010, the increase was approximately 2 per cent.

The increase in pre-owned flat prices was the largest in Helsinki. The increase from the previous year was 4 per cent in the last quarter of 2018. In Espoo, the prices rose by only approximately one per cent and in Vantaa, they dropped by approximately two per cent compared to October-December 2017. In KUUMA municipalities, prices remained on the same level as the year before. The average price per square metre was EUR 1,900 in the KUUMA municipalities. The corresponding figures were EUR 4,520 in Helsinki, EUR 3,370 in Espoo (including Kauniainen) and 2,420 in Vantaa.

In all of Finland, 8,400 old apartment block homes were sold in October-December last year. A third of these sales took place in the Helsinki Metropolitan Area. Of all the sales in the Helsinki Metropolitan Area, 69 per cent, i.e. approximately 2,000, took place in Helsinki.  Espoo and Kauniainen’s share of the home sales in the Helsinki Metropolitan Area was 17 per cent, i.e. 500. Vantaa’s share was 14 per cent, i.e. 400.