Land Prices in Finland - Information System and Price Developments

Heikki Loikkanen, Samu Kurri and Seppo Laakso

No 161, Discussion Papers from VATT Institute for Economic Research

Abstract: This study describes the land information systems, their evolution, and the market for land information in Finland. We describe the availability and quality of price information both in urban (residential, office and industrial markets) and rural markets (arable and forest land). In addition to pure land, we also describe what statistics exist concerning of different forms of real estate. In addition to official statistics, we also made a small survey to the earlier Finnish land price studies. Although a lot of other type of information has been available for long periods of time, continuous statistics on land and real estate prices with national coverage have only been available from the first half of 1980s. Available statistics are used to describe price and rent developments in different markets. As for land and real estate, changes in their real prices have been remarkable even in international comparison. The boom at the end of 1980s and the bust thereafter can be seen in all price series.

Keywords: Land Prices, Real Estate Markets, Finland, Economic growth, Taloudellinen kasvu, Regional development, Aluekehitys, Policy analysis and modelling, Päätöksenteon tuki ja mallintaminen, Q150 - Land Ownership and Tenure; Land Reform; Land Use; Irrigation, R100 - General Regional Economics (includes Regional Data), R330 - Nonagricultural and Nonresidential Real Estate Markets, (search for similar items in EconPapers)
Date: 1998
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