Housing prices keep falling, except in northern Finland
The general decrease in prices did not stimulate the housing market in June or during the second quarter, according to Statistics Finland.
Prices for old stock apartments in June were 3.9 percent lower in June, compared to the same month last year, according to Statistics Finland
It noted that out of Finland’s larger cities, an increase in prices was only seen in Oulu, where they rose by 3.3 percent in June.
The biggest drop in prices in larger cities was seen in Turku, where they fell by nearly eight percent. In Helsinki prices were down by four percent, year-on-year.
Including smaller cities, the steepest price drop was seen in the capital region’s Kerava, where prices in the second quarter were 12.4 percent lower than a year ago, the agency’s senior statistician Elina Peltoniemi explained in a press release.
In terms of the second quarter, the clearest exception to the downward trend was in Northern Finland. For example, flat prices rose by around six percent in Rovaniemi, compared to Q2 in 2025.
The general decrease in prices did not stimulate the housing market in June or during the second quarter. The number-crunching agency said that those periods both saw approximately 16 percent fewer housing trades, year-on-year.
There were even fewer sales of newly constructed apartments, according to Peltoniemi.
“Nearly 30 percent fewer transactions [for new flats] were made compared to a year ago, even though last year there was an average of just over a hundred new flat purchases made across the country per month,” Peltoniemi said in the release.
Related stories from around the North:
Canada: Federal, territorial gov’ts reach ‘agreement in principle’ to build 560 N.W.T. homes by 2030, Eye on the Arctic
Greenland: Despite housing shortages, Greenland razes colonial apartment blocks, Blog by Mia Bennett
Sweden: Arctic Municipality in Sweden ups recruitment perks with housing, ski passes, bonuses, Radio Sweden
United States: Greenland ‘Freedom City?’ Rich donors push Trump for a tech hub up north, Reuters
