Finnish house prices continued on downward trajectory in February

HOUSE PRICES in Finland continued to fall sharply in February, according to preliminary data published by Statistics Finland.

The data reveal that the prices of old dwellings in housing companies decreased by 5.2 per cent year-on-year, driven particularly by drops in Helsinki, Vantaa and Espoo. The prices fell by 6.1 per cent in the capital region and by 5.5 per cent in the six largest cities, but by 4.4 per cent outside the six largest cities.