Statistics: First good year for property sales in recent memory

The National Land Survey of Finland has compiled the real estate prices and number of purchases of 2019. Sales have increased.

A cottage and a sunset.
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'The number of real estate purchases in 2019 was 64,300. This is approx. 3 percent more than in 2018 and the largest number since 2011', says Head of Registers Taisto Toppinen, who is responsible for maintaining the Official purchase price register at the National Land Survey.

The data derive from the National Land Survey's statistics on property purchases, which is now a web service open for all. The data is updated monthly from the Official purchase price register maintained by the National Land Survey to the web service every month. 

Small decreases in prices of single-family houses in larger cities 

The most expensive single-family houses of Finland are located in Espoo, where the median price of all property purchases during last year was 465 000 euros. The median price has decreased by 1 percent in comparison with the year before. Last year, the median price for a single-family house was 416,000 euros (+11%) in Helsinki, 331,000 euros (-4%) in Vantaa, 265,000 euros (-4%) in Tampere, 229,000 euros (-1%) in Turku, 215,000 euros (+13%) in Kuopio and 182,000 euros (-3%) in Oulu.

The National Land Survey's purchase price statistics covers real property only and thus neither shares in a housing company nor sales of single-family houses on rented plots are included.

Prices of holiday houses with a shoreline continued to drop almost everywhere although trade was brisk

'During this decade, the median price of holiday houses with a shoreline has dropped from 110,000 euros to 85,000 euros in areas covered by a detailed shore plan, although trade is brisk', says Taisto Toppinen.

The highest median prices were found in the region of Uusimaa, where the median price of a holiday house with private shore in a planned area was 170,000 euros. This is a drop of 8 percent compared to the year before.

The trend was the same also in Varsinais-Suomi, where the median price of a holiday house was 123,000 euros, that is 15 percent lower than the year before.

The number of purchases of holiday houses increased and reached the highest number this century, that is, approx. 3,700 purchases in the country as a whole. Lower prices mean more purchases.

Purchases of arable land increased, price levels unchanged

Last year, the number of purchases of parcels of arable land exceeding 2 hectares was 674. That is 20 percent more than in 2018. The largest number of purchases was made in Southern Ostrobothnia, a total of 126.

The median price of arable land in the entire country was 8,900 euros per hectare in 2019. The median price increased by 0.7 percent in comparison with the year 2018. 

The most expensive arable land was located in Varsinais-Suomi, where the median price was 11,800 euros per hectare. The median price per hectare of arable land in Varsinais-Suomi increased by 800 euros in comparison with 2018. The cheapest arable land was located in Lapland, where the median price was 2,500 euros per hectare. Only 9 representative purchases of arable land were made in Lapland last year and 3 in Kainuu.

Purchases of forest land increased, price levels unchanged

The number of purchases of forest estates (more than 2 hectares) increased by 23 percent last year compared to the year 2018, in total almost 4,700 purchases of forest land were made. The largest number of purchases of forest land purchases were made in Northern Ostrobothnia, a total of 727. 

The median price of the purchases was 2,900 euros per hectare. This is an increase of 0.7 percent compared to 2018. 

'Although the change is slight on a national level, the differences between regions vary widely from one year to the next’, says Chief Expert Esa Ärölä from the National Land Survey, who analysed the purchases of arable and forest land.

For example, in Varsinais-Suomi the median price increased by 16 percent compared to last year and in Kanta-Häme it decreased by 18 percent. The most expensive forest land was located in Uusimaa, where the median price was 5,300 euros per hectare, and the cheapest in Lapland, 880 euros per hectare.

All prices mentioned in the text are median prices.

More information

Study the statistics

You can study the statistics on purchase prices in tables according to time of purchase, location and purpose of the property unit.

Statistical information about property purchases

Head of Registers Taisto Toppinen, +358 40 017 5387
Chief Expert Esa Ärölä, +358 40 180 1301

Emails are firstname.lastname@nls.fi

Queries about single property purchases

The National Land Survey's customer service, +358 29 530 1110 (Mon–Fri 9:00–16:15)

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