Prices of old detached houses rose by 5% in the third quarter

In the third quarter of 2021, the prices of old detached houses rose by an average of 5.5 per cent year-on-year, according to Statistics Finland on Thursday morning.

However, prices fell 0.9 percent compared to the second quarter of 2021.

In addition, Statistics Finland’s real estate price index showed that in July-September, prices rose the most, by 8.9 per cent, in municipalities with a population of 20,000 to 60,000.

In larger municipalities with at least 100,000 inhabitants, prices for old single-family homes rose by 5.8 per cent compared with the third quarter of 2020, while in smaller municipalities with up to 20,000 inhabitants, prices rose more modestly by 3.5 per cent.

In total, about 4,940 older detached houses were sold in the third quarter of this year, which is about two percent less than in the corresponding period last year.

Prices of new detached houses rose by 5.7 per cent in the third quarter compared with July-September 2020. This figure also rose 3.4 percent from the previous quarter.

Source: The Nordic Page





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