Due to the lack of solvent demand from the East, developers are left with nothing.
In Finland, there is currently more housing than people want to buy or rent.
The demand for housing has decreased, among other reasons, because immigrants often live several people in one apartment. Additionally, changes in housing benefits have forced people to move into smaller apartments.
Economist Juho Kostiainen notes that the demand for housing has generally decreased, even though the population is growing.
- "We see two clear factors. A significant portion of our population growth comes from immigration. And we know that immigrants live much more densely than the native population, so population growth does not lead to the same increase in housing demand. On the other hand, we observe that young people are moving out from their parents less frequently than before, and students are more likely to settle in shared apartments than in separate one-bedroom units," the expert points out.
Apartment prices in Finland vary depending on the region's income level and distance from the center: on average, a square meter costs about 2,300–4,300 euros, reaching 3,600–6,300 euros in Helsinki. A one-bedroom apartment in the capital will cost approximately 200,000–250,000 euros, while a three-bedroom apartment ranges from 250,000 to 300,000 euros.
It is possible to find apartments priced below 50,000–100,000 euros, but they often require renovation or are located in remote areas.
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