Wednesday 9/29/21
HOUSING

Single-family home prices grew 8.3% in the second quarter

The price per square metre was highest in Greater Helsinki, 3,728 euros
Houses-Finland-by-Foreigner.fi
Single family houses in Greater Helsinki area. Photo: Foreigner.fi.

House prices continue to rise across Finland.

According to the latest data published by Statistics Finland, in the second quarter of 2021 (between April and June) the prices of existing single-family houses increased by 8.3% year-on-year throughout the country.

Compared with the previous quarter (January-March), the prices of this type of housing increased by 3.1%.

These data are part of the house price index compiled by Statistics Finland using data from the National Land Survey of Finland real estate transaction register.

The price increase is much more pronounced in the big cities.

In municipalities with over 100,000 inhabitants prices rose by 13.3% from the year before. In municipalities with 60,000 to 100,000 inhabitants prices went up by 8.3%, in municipalities with 20,000 to 59,999 inhabitants by 6.9% and in municipalities with under 20,000 inhabitants by 6.6%.

In the whole country, the average price per square metre for old single-family houses was 1,767 euros in the second quarter of 2021.

Helsinki area

The price per square metre was highest in Greater Helsinki, 3,728 euros. In municipalities with over 100,000 inhabitants the price per square metre was 2,641 euros and in municipalities with under 20,000 inhabitants 1,352 euros.

In the second quarter, prices of single-family house plots rose by 15.2% year-on-year in the whole country. From the previous quarter, prices of plots increased by 11.4%.

The average price per square metre for a single-family house plot was 26.5 euros and the average size of sold plots was 2,713 square metres.

In the second quarter of the current year, around 5,070 transactions of existing single-family houses were made, which is about 36% more than in the corresponding period of last year. Around 1,590 transactions of single-family house plots were made, 76% more than in the second quarter of 2020.

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