Kouvola experienced Finland's steepest decline in older apartment prices during the third quarter. Prices fell 15.4 percent compared to the previous year. The drop marks the largest decrease among all Finnish cities.
Statistics Finland released the preliminary data on Tuesday. The figures cover housing market performance between July and September.
Kokkola saw the strongest price growth at 4.3 percent. Joensuu followed with 1.9 percent growth and Lappeenranta with 1.6 percent. Pori recorded the second-largest decline after Kouvola at 11.3 percent.
Nationwide prices for older housing company apartments fell 2.3 percent year-on-year. All major cities experienced declining prices during the period.
Kouvola's dramatic price correction reflects broader economic pressures affecting smaller Finnish cities. The data suggests regional disparities are widening in Finland's housing market as urban centers face different economic realities.