Prices of Dwellings in Housing Companies
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Housing 2021 Prices of dwellings in housing companies 2020, June and 2nd quarter Transactions of old dwellings in housing companies were more active in the second quarter than one year earlier According to Statistics Finland's preliminary data, prices of old dwellings in housing companies rose in various parts of Finland in the second quarter of 2021 and in June compared with the corresponding period of last year. In the second quarter, 55 per cent more transactions of old dwellings in housing companies were made through real estate agents than one year ago. Development of prices of old dwellings in housing companies quarterly in big cities, index 2015=100 In the second quarter prices went up in Greater Helsinki by 6.5 per cent and in June by 6.0 per cent in a year. In the rest of Finland prices rose by 4.0 per cent in a year both in the second quarter and in June. Examined by region, prices rose in the second quarter most in Kymenlaakso, Päijät-Häme and Lapland compared to the previous year. Prices fell most in Satakunta, North Karelia and Kainuu. Helsinki 30.7.2021 Quoting is encouraged provided Statistics Finland is acknowledged as the source. Development of prices of old dwellings in housing companies by regions, quarterly, index 2015=100 Prices of old dwellings in housing companies, 2nd quarter 20211) Area Price, EUR/m² Index 2015=100 Quarterly change, % Yearly change, % Whole country 2,207 109.7 2.9 5.3 Greater Helsinki 4,107 121.0 2.6 6.5 Rest of the country (whole country- Greater Helsinki) 1,666 99.7 3.3 4.0 Helsinki 4,788 126.7 2.2 6.5 Espoo-Kauniainen 3,804 114.7 3.5 8.5 Vantaa 2,867 106.3 2.5 2.3 Satellite municipalities2) 2,314 98.9 -0.3 2.3 Tampere 2,781 119.6 4.7 7.6 Turku 2,347 123.4 3.5 6.2 Lahti 1,665 96.2 5.9 9.8 Kuopio 1,881 91.8 2.3 -0.5 Jyväskylä 1,784 94.2 2.6 3.6 Oulu 1,891 106.0 2.7 6.1 1) Preliminary data 2) Satellite municipalities = Hyvinkää, Järvenpää, Kerava, Kirkkonummi, Nurmijärvi, Riihimäki, Sipoo, Tuusula and Vihti Prices of new dwellings in housing companies rose in the second quarter Compared to the corresponding period of the year before, prices of new dwellings in housing companies rose in the second quarter of 2021 by 9.4 per cent in Greater Helsinki and by 3.6 per cent in the rest of Finland. Compared to the previous year, prices of new dwellings increased most in Vantaa, Espoo and Helsinki. 2 Development of prices of new dwellings in housing companies quarterly, index 2015=100 The statistics on the prices of old dwellings in housing companies are based on the Tax Administration's data on dwellings (data on ownership of dwellings in housing companies). The numbers published from data on dwellings should not be used to assess the activeness of transactions in the latest periods. When the monthly statistics on prices of old dwellings in housing companies are published for the first time, they cover approximately 60 per cent of all transactions made in the latest statistical reference month. The quarterly statistics include around 70 per cent of transactions in the latest period. Particularly in summer months, the number of transactions in the latest release of the monthly statistics may remain lower than usual and become revised in the coming months. The 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. Further information about data revisions can be found in separate tables. The data on new dwellings in housing companies are based on information on the transaction prices reported by the largest building contractors and real estate agents. The numbers of old dwellings in housing companies sold through real estate agents are based on the data from the price monitoring service of the Central Federation of Finnish Real Estate Agencies. As a rule, these data do not become revised retrospectively. Data on prices of dwellings in housing companies in different areas and by house type are available at stat.fi/til/ashi/tau_en.html. The tables also contain data on the prices per square metre at the municipal and postal code levels and on the numbers of transactions. If only a few transactions are known in the area, a couple of deviating cases may significantly affect the average price for an area and the price index. 3 Contents Tables Appendix tables Appendix table 1. Prices per square metre of old dwellings in housing companies, June 2021.................................5 Appendix table 2. Unencumbered average prices per square metre of old dwellings in blocks of flats, June 2021....5 Appendix table 3. Unencumbered average prices per square metre of old dwellings in terraced houses, June 2021.6 Figures Appendix Figures Appendix figure 1. Average prices per square metre of old dwellings in blocks of flats ...........................................7 Appendix figure 2. Average prices per square metre of old dwellings in terraced houses..........................................7 Appendix figure 3. Price development of old dwellings in blocks of flats in Helsinki Metropolitan Area, index 2015=100.....................................................................................................................................................................8 Appendix figure 4. Price development of old dwellings in blocks of flats in Tampere, Turku, Oulu and Kajaani, index 2015=100.....................................................................................................................................................................8 Appendix figure 5. Real Price Index of old dwellings in blocks of flats, index 1970=100........................................9 Revisions in these statistics.......................................................................................................................................10 Quality Description: Prices of dwellings in housing companies...............................................................................12 4 Appendix tables Appendix table 1. Prices per square metre of old dwellings in housing companies, June 20211) Area Price, EUR/m² Index 2015=100 Monthly change, % Yearly change, % Whole country 2,300 109.0 -0.4 5.0 Greater Helsinki 4,176 120.4 -0.9 6.0 Rest of the country (whole country - Greater Helsinki) 1,757 98.9 0.2 4.0 Satellite municipalities2) 2,365 99.1 0.2 5.1 Helsinki 4,828 126.1 -1.1 6.7 Espoo-Kauniainen 3,777 112.7 -1.2 5.0 Vantaa 3,107 109.2 0.4 4.4 Tampere 2,846 118.3 -0.3 6.3 Turku 2,348 121.5 -3.6 2.3 Oulu 1,942 107.5 1.3 4.1 1) Preliminary data 2) Satellite municipalities = Hyvinkää, Järvenpää, Kerava, Kirkkonummi, Nurmijärvi, Riihimäki, Sipoo, Tuusula and Vihti Appendix table 2. Unencumbered average prices per square metre of old dwellings in blocks of flats, June 20211) Area Price, EUR/m² Index 2015=100 Monthly change, % Yearly change, % Whole country 2,442 113.1 -0.7 4.9 Greater Helsinki 4,476 124.2 -0.8 5.5 Rest of the country (whole country - Greater Helsinki) 1,740 100.2 -0.5 4.1 Satellite municipalities2) 2,151 101.0 6.6 13.9 Southern Finland 2,891 118.3 -1.0 5.1 Western Finland 1,943 103.6 -0.3 3.3 Eastern Finland 1,481 83.8 1.8 2.5 Northern Finland 1,797 101.2 -0.4 9.3 Helsinki 5,228 128.2 -1.2 6.4 Espoo-Kauniainen 3,678 115.0 -1.5 1.9 Vantaa 2,841 108.9 3.0 3.9 Tampere 2,851 118.7 -2.1 1.9 Turku 2,187 121.5 -4.4 1.7 Oulu 2,098 108.1 0.2 5.0 1) Preliminary data 2) Satellite municipalities = Hyvinkää, Järvenpää, Kerava, Kirkkonummi, Nurmijärvi, Riihimäki, Sipoo, Tuusula and Vihti 5 Appendix table 3. Unencumbered average prices per square metre of old dwellings in terraced houses, June 20211) Area Price, EUR/m² Index 2015=100 Monthly change, % Yearly change, % Whole country 2,144 103.4 0.1 5.2 Greater Helsinki 3,721 113.1 -1.1 7.1 Rest of the country (whole country - Greater Helsinki) 1,775 97.7 0.9 4.0 Satellite municipalities2) 2,518 98.1 -3.3 0.5 Southern Finland 2,598 108.1 -0.8 6.6 Western Finland 1,899 99.1 2.3 4.4 Eastern Finland 1,389 79.7 3.3 -1.6 Northern Finland 1,498 99.1 -0.6 1.2 Helsinki 3,758 117.6 -0.8 8.2 Espoo-Kauniainen 3,847 111.2 -0.9 7.2 Vantaa 3,438 109.6 -2.1 4.9 Tampere 2,838 117.5 3.4 15.3 Turku 2,791 121.2 -2.0 3.7 Oulu 1,814 107.0 2.4 3.2 1) Preliminary data 2) Satellite municipalities = Hyvinkää, Järvenpää, Kerava, Kirkkonummi, Nurmijärvi, Riihimäki, Sipoo, Tuusula and Vihti 6 Appendix Figures Appendix figure 1. Average prices per square metre of old dwellings in blocks of flats Appendix figure 2. Average prices per square metre of old dwellings in terraced houses 7 Appendix figure 3. Price development of old dwellings in blocks of flats in Helsinki Metropolitan Area, index 2015=100 Appendix figure 4. Price development of old dwellings in blocks of flats in Tampere, Turku, Oulu and Kajaani, index 2015=100 8 Appendix figure 5. Real Price Index of old dwellings in blocks of flats, index 1970=100 9 Revisions in these statistics The data of the statistics have become revised according to the table below. For more information about data revisions, see Section 3 of the quality description. Revisions to data on monthly changes in prices of dwellings in housing companies, monthly statistics1) Area and reference time Monthly change, % Revision, percentage point Latest release 30.7.2021 1st release Whole country 02/2021 1.4 1.4 0.0 03/2021 0.8 0.7 0.1 04/2021 1.8 2.2 -0.4 05/2021 0.8 0.1 0.7 Greater Helsinki 02/2021 0.7 1.2 -0.5 03/2021 2.4 2.6 -0.2 04/2021 1.1 0.7 0.4 05/2021 0.7 0.8 -0.1 Rest of the country 02/2021 2.0 1.5 0.5 03/2021 -0.9 -1.2 0.3 04/2021 2.5 3.7 -1.2 05/2021 0.9 -0.6 1.5 1) The 1st release refers to the time when data for the reference period were released for the first time.