Finland is one of the most stable countries in the Nordic Europe and probably in the whole world. Ownening real estate in a stable place during unstable times seems tempting. Is it difficult to become an owner in Finland as a foreigner? Let us help you to make a decision.
Step 1. Reservation and Property Check
Checking the property
Once you have found the property you like, you need to find out all the questions related to it. For example, if you are going to buy an apartment, find out from the House Manager what repairs or other works the management company plans and how much they will cost. You need to know this in advance, as it may entail large financial costs. Repair of water supply and sewerage pipes can cost a new home owner several thousands of euros.
Special attention should be paid to assessing the condition of the real estate object. This is the buyer's responsibility, which should not be ignored. After all, if you buy a house, and then find some kind of malfunction that could be seen during the inspection, you will not be able to get compensation from the seller.
As for hidden defects, the detection of which could well affect the transaction, the seller will be forced to pay compensation to the buyer.
Important! The liability of a housing joint-stock company for defects usually lasts for two years. The liability of the real estate seller is five years.
Opening a bank account
You can open an account in a Finnish bank to pay for a transaction, either in person or remotely. But in the first case, you can't do without a personal visit to the bank. Only then will the account be activated. The account must be opened in euro.
You must have a foreign passport, bank statements from personal accounts in the country of residence, a certificate of employment, a certificate of income and a number of other documents that a bank may require from a foreigner.
Making a deposit
After the buyer has selected a specific property, it is necessary to draw up a preliminary contract and make a deposit.
The preliminary agreement specifies the characteristics of the property, the payment schedule, the payment method, the total cost of the property, the exact date of transfer of the property to the new owner, the amount of penalties for late payments, as well as the amount of the deposit and the conditions for its transfer.
The preliminary agreement is signed by the seller and the buyer. At the same time, a notary must be present.
As a standard, the deposit is 3-5% of the cost of the property, although in each individual case it can be negotiated individually. But not less than €2,000 and not more than 10% of the transaction amount. If the transaction is disrupted or canceled due to the seller's fault, the deposit is fully refunded to the buyer. If it is the buyer's fault, the deposit remains with the seller.
Real estate for sale in Finland:
53 519 €
Flat in Imatra, Finland
44 sq.m211
For sale 2-bedroom apartment in a new house, in the center of Imatra, with an area of 45 m2. All services are nearby. On the top floor of the house there is a fantastic sauna, a common area and a terrace with spectacular views of the city. On the third floor of the house there is an exit to the courtyard on the roof for residents, with...
VIPCON LKV - FINLYANDIYA
650 000 €
Investment project in Helsinki, Finland
240 sq.m25% per year
Online ViewingRemote Transaction
Investment project for the construction of a residential complex in Finland in the suburbs of Helsinki, investor income of 25% for 10 months. Various payment methods as work progresses on site.
We will assist in obtaining a European residence permit for the whole family. Collective investment options are being considered (2-3 co-investors with...
Selected Real Estate LLC
25 000 €
Townhouse in Jyvaskyla, Finland
30 sq.m111
Online ViewingRemote TransactionRental property
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
24 900 €
Townhouse in Oulu, Finland
37 sq.m111
Remote TransactionRental property
You buy, get a visa for all family members and quietly ride to Finland and all over Europe!!!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.
Now you don't have to look for good reasons for...
VIPCON LKV - FINLYANDIYA
530 000 €
House in Porvoo, Finland
555 sq.m754
Exclusive property for sale on the picturesque island - Pellinki. The property is located in the bay Nyckelsviken, consists of a plot with a total area of 1.3 hectares with its own coastline, on which there are 3 buildings:
1) Villa Nyckelvik - a residential building with a total area of 555 m2
(ground floor, 1st and 2nd floors - 185...
Angel Properties
750 000 €
Office in Finland
1150 sq.m
Contact a Habita representative for more information about this facility.
Habita International Estates Ltd
26 812 €
Flat in Lahti, Finland
33 sq.m111
Remote Transaction
It is possible to conduct a transaction remotely without your presence by proxy!!!
Studio apartment in Lahti
The year of construction is 1980. The total area is 33 sq.m. 2/4 floor.
Living room, equipped kitchen, bathroom, balcony.
The price is 28,812.04 euros + installments from the management company for the repairs carried out in the...
VIPCON LKV - FINLYANDIYA
11 477 €
Flat in Pori, Finland
60 sq.m211
Remote Transaction
It is possible to conduct a transaction remotely without your presence by proxy!!!For sale a clean one-bedroom apartment of 60 m2 in Pihlav!
Apartment on the 4th floor, balcony.
The house was built in 1974, district heating.
Monthly utility bills - 210 €.
The water fee is 22 euros /person /month.
The parking fee is 8 euros...
VIPCON LKV - FINLYANDIYA
28 595 €
Flat in Pori, Finland
36 sq.m111
Remote Transaction
It is possible to conduct a transaction remotely without your presence by proxy!!!
Studio apartment in Pori
Year of construction – 1956. The total area is 36 sq.m., 1/2 floor.
Living room, equipped kitchen, bathroom.
The apartment is rented out.
The price is 28,595. 86 euros + installments from the management company for the repairs...
VIPCON LKV - FINLYANDIYA
23 700 €
Flat in Kotka, Finland
52 sq.m211
Remote TransactionRental property
It is possible to conduct a transaction remotely without your presence by proxy!!!
One-bedroom apartment in Kotka
Year of construction – 1968. The total area is 51.5 sq.m., 2/2 floor.
Living room, equipped kitchen, bedroom, bathroom.
The apartment is rented out.
The price is 23,700 euros + installments from the management company for...
VIPCON LKV - FINLYANDIYA
19 500 €
Flat in Nilsia, Finland
60 sq.m211
Remote Transaction
It is possible to conduct a transaction remotely without your presence by proxy!!!
In the area of Nilsiä, Kuopio, for sale a 2-bedroom apartment of 59.5 m2 on the 2nd floor.
The price is 22 000 €.
The house was built in 1977, district heating.
Beautiful, clean, well-maintained house, which was completely renovated between 2008 and...
VIPCON LKV - FINLYANDIYA
533 000 €
Apartment in Helsinki, Finland
62 sq.m321
Contact a Habita representative for more information about this facility.
Habita International Estates Ltd
35 000 €
Townhouse in Tampere, Finland
46 sq.m211
Remote TransactionRental property
It is possible to conduct a transaction remotely without your presence by proxy!!!
One bedroom apartment in Puhkalaidun
Year of construction – 1988. The total area is 46 sq.m., 1/1 floor.
Living room, equipped kitchen, bedroom, bathroom, terrace.
The apartment is rented out.
Price – 35,000 euros
Utility bills – 92 euros / month....
VIPCON LKV - FINLYANDIYA
14 000 €
Flat in Vaasa, Finland
82 sq.m431
Remote TransactionRental property
It is possible to conduct a transaction remotely without your presence by proxy!!!
Four-room apartment in Kauhajoki
The year of construction is 1963. The total area is 82 sq.m. 2/2 floor.
Living room, equipped kitchen, 3 bedrooms, bathroom.
The price is 17,739 euros + an installment payment from the management company for the repairs...
VIPCON LKV - FINLYANDIYA
32 000 €
Flat in Valkeakoski, Finland
53 sq.m211
Remote Transaction
It is possible to conduct a transaction remotely without your presence by proxy!!!
One bedroom apartment in Valkeakoski
The year of construction is 1947. The total area is 53 sq.m. 1/2 floor.
Living room, equipped kitchen, bedroom, bathroom, balcony.
The price is 34,000 euros
Utility bills - 135 euros / month.
Payment for water is 15...
VIPCON LKV - FINLYANDIYA
186 000 €
Apartment in Helsinki, Finland
81 sq.m321
Contact a Habita representative for more information about this facility.
Habita International Estates Ltd
Price on request
Hotel in Helsinki, Finland
6800 sq.m
World Haus Finland
149 000 €
House in Orimattila, Finland
153 sq.m532
A private house built in 2009 in a quiet area in Artyarvi near the lake. Spacious plot of 2484m2. The house has two floors, on the ground floor there is a living room and a kitchen, two bathrooms, a sauna and two bedrooms. On the second floor there is a hall, a bedroom, a balcony and a bathroom. Call and book a time for the show +79516501717
Habita International Estates Ltd
17 500 €
Flat in Laukaa, Finland
52 sq.m211
Remote Transaction
It is possible to conduct a transaction remotely without your presence by proxy!!!
One-bedroom apartment of 52 m2 in satisfactory condition in Vihtavuori.
The price is 17,500 €.
The store is about 200m. Good transport links.
Ground floor, the entrance to the apartment is also through the terrace.
The house was built in 1972, oil...
VIPCON LKV - FINLYANDIYA
28 278 €
Flat in Nastola, Finland
48 sq.m211
Remote Transaction
It is possible to conduct a transaction remotely without your presence by proxy!!!
In the Nastola area, a bright 2-bedroom apartment of 47.5 m2 with a balcony is for sale, located on the ground floor of the house.
The layout is functional, the apartment has plenty of storage space thanks to a spacious wardrobe.
The living room is...
Stage 2. Conclusion of the Purchase and Sale Agreement
To sign the contract, the buyer only needs a passport at the transaction. But the seller must prepare a whole package of documents:
Certificate of registration of property rights.
Extract from the real estate register.
Certificate of encumbrances.
Map from the Real Estate Cadastre.
A copy of the urban development plan.
Building permit.
Certificate of inspection of the property to technical supervision.
Construction drawing.
The purchase and sale agreement is usually drawn up by a bank or realtor in Finnish. A copy in your language can also be made, but only the original version has legal force.
A purchase and sale agreement is an agreement that specifies the price of an apartment or other real estate, the condition of it, and the day on which the buyer will receive it for their use. The buyer has the right and (in their own interests) must read the contract in advance.
When signing the contract, in addition to the seller and the buyer, a realtor and a notary are present. The latter is the guarantor of the legality of a real estate transaction.
Helsinki, Finland
Step 3. Payment Transactions
Payments between the seller and the buyer are made by a bank transfer. By the time the purchase agreement is signed, the buyer must transfer the full amount of the transaction to the seller, excluding the security deposit. If there is no installment plan, it usually takes two weeks to complete the transaction.
In addition to the transaction itself, the buyer pays the transfer of ownership tax of 2% and 4% for real estate, notary services and realtor services.
Immediately after the conclusion of the transaction, the buyer must register it in the city court, if it is a real estate (all but apartments). To do so, you need to fill out a form and send it along with the tax receipt, the original contract of sale and a copy of the passport to the court of the district where the purchased property is located.
The property registration process takes about 2-3 months on average. Documents must be submitted within 6 months from the date of signing the contract of sale, otherwise penalties from 20% of the tax on the transfer of ownership will be charged. The maximum penalty may be 100%, which means that the amount to be paid will double.
The completed certificate of ownership registration will be sent to the postal address specified by the owner.
As for apartments in housing joint-stock company property, the new owner must declare the transaction to enter it in the register of shares immediately after the purchase. For that you need to show the manager of the house the contract of sale and a document certifying the payment of tax on the transaction.
