Prices of old detached homes have fallen and it is taking longer to sell them, according to new figures from Statistics Finland.
The number crunchers reported on Friday that the price of old detached houses had fallen by 9.2 percent in the second quarter of this year, compared to the same period in 2022.
The number of transactions has also dropped to around 3,000, which is some 24 percent lower than it was a year ago.
Prices fell the most in towns in eastern Finland with a population of between 60,000 and 100,000.
Eastern Finland saw prices drop by 16.7 percent but the six largest cities in the country prices fell by less — around 8.7 percent.
Detached houses have done worse than apartments and row houses in the property market, with prices of those dipping by just over seven percent.
Mortgage lender Hypo told Finnish news agency STT that the average detached house on the market now takes more than a month longer to sell than it would have last year.
New detached houses saw prices rise by some 4.5 percent, and detached houses overall — including old and new properties — saw a 4.8 percent dip in the average price.
The number of plots sold was 600, down by more than a third on last year.