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4. House price development elsewhere

In the first quarter of 2011, prices of dwellings have risen fastest from the corresponding period of 2010 in Norway, by 8.4 per cent. Rises in dwelling prices are lowest in Britain, where prices have risen by 0.7 per cent from the previous year. In the United States and in Russian urban areas prices of dwellings have gone down. The sources used in the table are national statistical agencies, exceptions are mentioned in a footnote.

Table 1. Changes in prices of dwellings in different countries, 1st quarter 2011

Country Year-on-year change % Quarter-on-quarter change, %
Great Britain 0.7 -0.7
Spain, new dwellings -4.1 -3.5
Spain, old dwellings -6.3 -5.6
Greece, new dwellings 1) -1.3 4.1
Greece, old dwellings -5.6 0.2
Norway 8.4 5.1
France 2) 4.6 1.9
Sweden 3.0 -1.0
Germany, new dwellings 3) 3.7 1.0
Germany, old dwellings 2.0 -0.9
United States 4) -5.5 -2.5
Russia, new dwellings -13.9 -13.7
Russia, old dwellings -21.8 -23.1
Estonia 2.2 -0.3
1) Source: Greece's Central Bank
2) Source: Federation Nationale de l'Immobilier (FNAIM)
3) Source: Germany, Hypoport AG
4) Source: Federal Housing Finance Agency (FHFA)

The compilation of statistics on dwelling prices is currently being developed in several EU countries. The above data have been collected from a number of sources. They are not necessarily mutually comparable or comparable with data compiled on Finland.


Source: Prices of Dwellings, Statistics Finland

Inquiries: Petri Kettunen (09) 1734 3558, Tomi Martikainen (09) 1734 3632, asuminen.tilasto@stat.fi

Director in charge: Kari Molnar


Updated 29.7.2011

Referencing instructions:

Official Statistics of Finland (OSF): Prices of dwellings in housing companies [e-publication].
ISSN=2323-8801. 2nd quarter 2011, 4. House price development elsewhere . Helsinki: Statistics Finland [referred: 28.3.2024].
Access method: http://www.stat.fi/til/ashi/2011/02/ashi_2011_02_2011-07-29_kat_004_en.html