Vintage Home Prices Take a 6.4% Dip in 2023 – Get the Scoop!

14 108

Prices of old dwellings in housing companies decreased in the whole country by 6.4 per cent in 2023 from the previous year, according to Statistics Finland.

Prices fell most in Helsinki and Vantaa, where prices went down by 8.0 per cent. Of large towns, prices fell least in Turku, by 4.3 per cent. Prices went down by 4.8 per cent outside large towns.

Prices of old dwellings in housing companies decreased by 7.2 per cent in the six largest towns compared to 2022. Prices went down by 7.8 per cent in Greater Helsinki.

Prices of dwellings in blocks of flats fell in the whole country by 7.0 per cent and prices of dwellings in terraced houses went down by 5.0 per cent compared to 2022.

In 2023, the number of sales of old dwellings in blocks of flats and terraced houses made through real estate agents decreased by 23 per cent from the year before.

Prices of dwellings in blocks of flats fell most for small dwellings. Prices of one-room flats decreased by 9.2 per cent and those of two-room flats by 7.3 per cent. Prices of family dwellings went down by 5.8 per cent.

Prices of dwellings in blocks of flats fell most in Greater Helsinki, where prices of one-room flats went down by 10.5 per cent. Prices of two-room flats went down by 8.8 per cent and those of family dwellings by 7.0 per cent. Outside large towns, prices of one-room flats fell by 7.9 per cent, those of two-room flats by 5.0 per cent and those of three-room flats by 4.3 per cent.

Prices of dwellings in terraced houses fell in the whole country by 5.0 per cent from one year back. In Greater Helsinki, prices of dwellings in terraced houses decreased more than in the rest of the country, by 6.4 per cent. Prices of dwellings in terraced houses went down by 5.6 per cent in the six largest towns and by 4.4 per cent outside large towns.

In 2023, prices of old dwellings in housing companies fell more in large towns than outside them, but prices also went down in all regional centres. Prices fell most in Lahti, by 7.6 per cent, in Jyväskylä, by 5.7 per cent, and in Mikkeli and Hämeenlinna, by 5.1 per cent. Prices fell least in Lappeenranta, by 0.1 per cent and in Seinäjoki and Kajaani, by 2.3 per cent.

Source: www.dailyfinland.fi

14 Comments
  1. AmandaSmith123 says

    Did the decrease in prices impact the demand for vintage homes in 2023?

    1. JustinWilson567 says

      Yes, AmandaSmith123, the decrease in prices did impact the demand for vintage homes in 2023. With prices falling by over 6%, there was a noticeable increase in demand as more buyers found the market more accessible. However, various factors such as location, size, and condition of the vintage homes also played a significant role in influencing the demand trends.

  2. MeganSmith2000 says

    As a homeowner in Greater Helsinki, I’m seriously concerned about the continuous drop in vintage home prices. It’s unsettling to see such significant decreases in the housing market. I hope the trend shifts soon for the better.

  3. EmilyBrown says

    As a homeowner, I find this decrease concerning. The housing market is constantly fluctuating, making it hard to plan for the future. Hopefully, these price drops won’t continue for too long.

  4. AlexSmith84 says

    As a homeowner myself, I find this news concerning. A 6.4% dip in vintage home prices in 2023 indicates a significant shift in the market. It’s worrying to see that prices have fallen the most in Helsinki and Vantaa. I hope this trend doesn’t continue and impact property values further.

  5. EmilyJohnson82 says

    It’s concerning to see the continued decline in vintage home prices. As a homeowner, I hope this trend reverses soon for the sake of property values.

  6. AlexaSmith92 says

    Did the decrease in vintage home prices affect the overall housing market in the country significantly?

    1. RebeccaJones89 says

      Yes, the decrease in vintage home prices had a significant impact on the overall housing market in the country. The 6.4% dip in 2023 reflected a general trend of price reductions, especially in major cities like Helsinki and Vantaa. This price decrease can influence market dynamics, buyer behavior, and overall investment trends in the real estate sector.

  7. Jennifer89 says

    It’s concerning to see such a significant drop in vintage home prices. I hope this trend doesn’t continue as it could have a negative impact on the real estate market.

  8. Alex Johnson says

    As a real estate investor, this news is concerning. I had hoped for a more stable market this year, but it seems the vintage home prices are on a downward trend. It might be time to reassess my investment strategy for the upcoming months.

  9. AlexSmith123 says

    It’s not surprising to see a decline in vintage home prices. The trend of decreasing prices was expected, especially in metropolitan areas like Helsinki and Vantaa. Homebuyers should keep a close eye on the market fluctuations to make informed decisions.

  10. Samantha_85 says

    As a vintage home enthusiast, this price dip is both surprising and concerning. I believe the charm and history of these old dwellings should be preserved and appreciated, rather than seeing their value decrease so significantly. Hopefully, this trend will reverse in the coming years.

  11. EmilySmith says

    The decrease in vintage home prices is concerning, especially in the more urban areas like Helsinki and Vantaa. It could impact the overall housing market stability in the region.

  12. AvaSmith says

    As a real estate agent, it’s disheartening to see the vintage home prices take such a significant dip. Hopefully, this trend doesn’t continue and the market bounces back soon.

Leave A Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.