The drop could be even sharper in the metropolitan area due to an oversupply of small homes and larger housing loans and interest rates compared to other parts of the country.
Financial group Nordea expects housing prices in Finland to fall by an average of 5% next year. The drop could be even sharper in the metropolitan area due to an oversupply of small homes, larger housing loans and interest rates compared to other parts of the country.
Meanwhile, prices for single-family homes should decline as rising energy prices weaken interest in real estate with electric heating.
Details. Nordea highlighted the slowdown in growth in October. The Federation of Real Estate Agencies reported that the number of real estate sales decreased by 23% compared to the monthly average over the past decades.
Mortgage borrowers can rejoice, as the growth of short-term and long-term interest rates stopped at the end of autumn. Nordea said that Euribor 12, the most common base rate on housing loans in Finland, is unlikely to rise next year as fast as this year, and will stabilize at 3%.
Quote. Jussi Pajala, head of Nordea Mortgage, said that Finns are well prepared for such difficulties. He noted that every seventh mortgage borrower has insured their loans of interest rate risks or has savings that allows them to survive the most difficult months.
The prospects. Nordea is concerned that the market situation could lead to the collapse that was observed in the 1990s. Analyst Antti Koskivuo has recalled that currently the economy is sliding into recession due to inflation and the energy crisis, unlike the 1990s and the financial crisis of 2007-2009.
"Neither the Finnish nor the world economy is facing structural problems that were observed during previous crises, so a possible recession is likely to be moderate, and mass unemployment is not expected," he explained.
In the city of Varkaus, a 2-bedroom apartment on a high ground floor with an area of 58 m2 is for sale. The house is close to services and schools. Monthly utility bills: 158 €. Water and electricity depending on consumption. The heating of the house is electric and there is a heat pump. The average electricity bill in the winter months is about...
VIPCON LKV - FINLYANDIYA
54 000 €
House in Anttola, Finland
95 sq.m321
Remote Transaction
You buy, get a visa for all family members and quietly ride to Finland and all over Europe!!!
Registration for several owners is possible!!!
It is possible to conduct a transaction remotely without your presence by proxy!!!
From June 21, 2021, it will be easier to obtain a visa and enter Finland (Schengen) for property owners from Russia....
VIPCON LKV - FINLYANDIYA
89 500 €
House in Taipalsaari, Finland
180 sq.m431
Remote Transaction
You buy, get a visa for all family members and quietly ride to Finland and all over Europe!!!
Registration for several owners is possible!!!
It is possible to conduct a transaction remotely without your presence by proxy!!!
From June 21, 2021, it will be easier to obtain a visa and enter Finland (Schengen) for property owners from Russia....
VIPCON LKV - FINLYANDIYA
12 500 €
Flat in Jamsa, Finland
78 sq.m321
Online ViewingRemote Transaction
You buy, get a visa for all family members and quietly ride to Finland and all over Europe!!!Registration for several owners is possible!!!
It is possible to conduct a transaction remotely without your presence by proxy!!!
From June 21, 2021, it will be easier to obtain a visa and enter Finland (Schengen) for property owners from Russia....
VIPCON LKV - FINLYANDIYA
50 000 €
Flat in Helsinki, Finland
26 sq.m111
Remote Transaction
Apartment of 26 m2 with balcony in Espoo. We will help with payment from Russia.
Conservative investments in apartments in new buildings in the capital region - Helsinki, Espoo, Vantaa are the safest in terms of reliability and liquidity: the apartment is purchased with guaranteed financing at 60-70% of the cost, at 3-4% per annum for 25...
Selected Real Estate LLC
22 000 €
Flat in Mänttä, Finland
54 sq.m211
Remote Transaction
It is possible to conduct a transaction remotely without your presence by proxy!!!
In the city of Mänttä, a 2-bedroom apartment of 53.5 m2 with a balcony is for sale.
The price is 22 000 €.
The house was built in 1970.
Monthly utility bills are - 191.63 €.
Water meter fee, prepayment for water is 16 euros / person / month (cold...
VIPCON LKV - FINLYANDIYA
13 000 €
Townhouse in Rautalampi, Finland
43 sq.m111
Remote Transaction
It is possible to conduct a transaction remotely without your presence by proxy!!!
Studio apartment in Rautalampi
Year of construction – 1973, area – 42.5 sq.m. 1/2 floor.
Living room, equipped kitchen, bathroom, terrace.
Price – 25,000 euros
Utility bills – 212.50 euros / month.
Payment for water – by the meter
The house has a...
VIPCON LKV - FINLYANDIYA
67 000 €
Apartment in Finland
80 sq.m321
Contact a Habita representative for more information about this facility.
Habita International Estates Ltd
13 900 €
Flat in Varkaus, Finland
51 sq.m211
Remote Transaction
It is possible to conduct a transaction remotely without your presence by proxy!!!In the city of Varkaus, a 2-bedroom apartment of 51 m2 on the 2nd floor is for sale.
The price is 19 000 €.
The house was built in 1969, central heating.
All services located in the center are within walking distance, so there is no need to have a car...
VIPCON LKV - FINLYANDIYA
19 881 €
Flat in Jamsa, Finland
46 sq.m211
Remote Transaction
It is possible to conduct a transaction remotely without your presence by proxy!!!
One-bedroom apartment in Jämsä
Year of construction – 1963. The total area is 45.5 sq.m. 1/2 floor.
Living room, equipped kitchen, bedroom, bathroom, balcony.
The apartment is rented out.
The price is 19,881.25 euros + installment payment from the...
VIPCON LKV - FINLYANDIYA
23 335 €
Townhouse in Pori, Finland
39 sq.m111
Remote Transaction
It is possible to conduct a transaction remotely without your presence by proxy!!! Studio apartment in KokemäkiThe year of construction is 1980. The total area is 38.5 sq.m. 1/1 floor.Living room, equipped kitchen, bathroom, sauna, terrace. The price is 23,335.54 euros + installments from the management company for the repairs carried out in the...
VIPCON LKV - FINLYANDIYA
29 000 €
House in Lieksa, Finland
97 sq.m431
Remote Transaction
It is possible to conduct a transaction remotely without your presence by proxy!!! House for permanent residence in LieksaYear of construction – 1978, 1st floor, total area – 97 sq.m.The house has a living room, kitchen, 3 bedrooms, sauna, bathroom.Price – 29,000 eurosFuel heatingThe area of the plot in the property is 2220 sq.m.City water...
VIPCON LKV - FINLYANDIYA
119 000 €
Apartment in Vantaa, Finland
48 sq.m211
Contact a Habita representative for more information about this facility.
Habita International Estates Ltd
31 900 €
Flat in Pori, Finland
28 sq.m111
Remote Transaction
It is possible to conduct a transaction remotely without your presence by proxy!!! Studio apartment in PoriYear of construction – 1946. The total area is 28 sq.m. 3/3 floor.Living room, equipped kitchen, bathroom, balcony.The price is 31,900 euros + installments from the management company for the repairs carried out in the amount of 1,600...
VIPCON LKV - FINLYANDIYA
19 500 €
House in Savonlinna, Finland
89 sq.m321
Remote Transaction
It is possible to conduct a transaction remotely without your presence by proxy!!!In Savonlinna, a house of 89 m2 is for sale on its own garden plot of about 1400 m2.
The house is being sold for renovation due to water damage.
There is electricity and water.
The price is 19,500 €.
Main building material: wood.
The house was...
VIPCON LKV - FINLYANDIYA
34 500 €
Flat in Heinola, Finland
35 sq.m111
Remote Transaction
It is possible to conduct a transaction remotely without your presence by proxy!!! Studio apartment in HeinolaYear of construction – 1970. The total area is 34.5 sq.m. 2/2 floor.Living room, equipped kitchen, bathroom, balcony.Price – 34,500 euros Utility bills – 173.80 euros / month.Payment for water – 18 euros / person / month. There are...
VIPCON LKV - FINLYANDIYA
22 000 €
Flat in Pori, Finland
73 sq.m321
Remote Transaction
It is possible to conduct a transaction remotely without your presence by proxy!!!In the city of Pori, a 3-room apartment of 73 m2 on the 3rd floor is for sale.
The price is 22 000 €.
The year of construction of the house is 1974, central heating.
Utility bills – 255.50 euros /month.
The water fee is 23 euros /person /month....
VIPCON LKV - FINLYANDIYA
29 000 €
House in Hamina, Finland
117 sq.m431
Remote Transaction
It is possible to conduct a transaction remotely without your presence by proxy!!! House for permanent residence in HaminaYear of construction – 1961, 2 floors, total area – 117 sq.m.The house has a living room, kitchen, 3 bedrooms, sauna, bathroom. Garage.Price – 29,000 eurosAnnual property tax – 162.34 euros / yearThe area of the plot in the...
VIPCON LKV - FINLYANDIYA
340 000 €
House in Finland
104 sq.m531
Contact a Habita representative for more information about this facility.
Habita International Estates Ltd
10 000 €
Townhouse in Pertunmaa, Finland
62 sq.m211
Remote Transaction
It is possible to conduct a transaction remotely without your presence by proxy!!!In the center of the city of Pertunmaa, next to the services, on the river bank, for sale a 2-bedroom townhouse of 62 m2 with a sauna and its own yard.
The price is 10,000 €.
The house was built in 1981, electric heating.
A river flows from the...
