What’s happening in the housing market? Statistics Finland revises its figures

Revised housing market statistics from Statistics Finland show that the share of digital DIAS transactions has grown more slowly than previously estimated. Nevertheless, digital property transactions continue to grow steadily. The correction has no material impact on the developments reported in Alma Media’s interim reports.

On 10 November, Statistics Finland revised its housing transaction statistics for January–September following an error in the source data. The correction increased the reported number of existing apartment transactions completed through real estate agents by 9%.

According to the revised figures, 60% of existing apartment transactions handled by real estate agents during January–September were completed using DIAS. This represents an increase of nearly seven percentage points year-on-year.

The correction also affected previously reported monthly market shares. In July, DIAS accounted for 66% of transactions, compared with the previously reported 73%. September’s share was revised from 71% to 62%.

Digital transactions continue to grow. During January–September, the number of apartment transactions completed through DIAS increased by 9% year-on-year, while the total number of transactions handled by real estate agents declined by 3%. In October, a total of 3,049 digital apartment and real estate transactions were completed through the DIAS platform.

No material impact on Alma Media’s financial reporting

Alma Media’s interim reports this year have highlighted the overall development and growth trend of DIAS transactions without reporting exact DIAS market share figures.

Consequently, the statistical correction has no material impact on Alma Media’s interim reporting or the overall development described in its financial disclosures.

The previously reported number of transactions completed through DIAS remains unchanged. The correction only affects the total market transaction figures used to calculate DIAS’s market share, not the actual number of transactions completed on the platform.

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