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.
Housing prices in Finland experienced a notable decline in June 2025, with a few exceptions. According to Statistics Finland, old stock apartment prices dropped by 3.9 percent compared to the same period last year. Among larger cities, only Oulu witnessed a rise in prices, increasing by 3.3 percent in June. Turku, however, saw the steepest drop, with prices falling by nearly eight percent.
Helsinki experienced a four percent decrease in prices year-on-year. Smaller cities also felt the impact, with Kerava, part of Helsinki's capital region, seeing the most significant drop at 12.4 percent lower than a year ago, as explained by senior statistician Elina Peltoniemi.
Interestingly, Northern Finland emerged as the single exception to the downward housing trend. Flat prices in the region rose by around six percent in Rovaniemi, compared to Q2 of 2025. Despite this regional exception, the general housing market remained stagnant. Both June and the second quarter witnessed approximately 16 percent fewer housing trades year-on-year.
New flat purchases also saw a dramatic decrease, with nearly 30 percent fewer transactions compared to the previous year. Peltoniemi highlighted that even though there were over a hundred new flat purchases per month last year, the numbers had plummeted to nearly 30 percent fewer in June 2025.
Written by urgent.news from Yle News Finland's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
