Content
Published:
This is an archived release.
Lower price growth of new detached houses
After a strong growth in prices of new detached houses at the end of 2007, prices decreased by 0.4 per cent from the fourth quarter last year to the first quarter this year. Adjusted for seasonal variations the prices however increased by 0.6 per cent.
From the first quarter of 2007 to the first quarter of 2008, prices of new detached houses grew by 7.5 per cent. This is a considerable lower growth compared to the annual growth rates throughout 2007.
Since the first quarter of 2000, prices of new detached houses have increased by 71.5 per cent. In comparison, prices of second-hand detached houses have increased by 80 per cent in the same period. The construction cost index for detached houses of wood shows a growth of 40.1 per cent in the same period.
A total of 433 observations were used in the calculation of the index in the first quarter.
| Index | Change in per cent | ||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1st quarter 2008 |
4th quarter 2007-
1st quarter 2008 |
1st quarter 2007-
1st quarter 2008 |
|||||||||||||||||||||||||||||||||||||
| Unadjusted index | 163.4 | -0.4 | 7.6 | ||||||||||||||||||||||||||||||||||||
| Seasonally adjusted index | 165.1 | 0.6 | - | ||||||||||||||||||||||||||||||||||||
Tables:
The statistics is now published as Price index for new dwellings.
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