Finland: a competitive attention-grabbing investment destination
Finland is a very competitive country. The success of the country’s economy depends strongly on export industries.
Investors are attracted above all by the office, retail and logistics markets. The demand for office space has been increasing in the latest years. Commercial properties are highly demanded in the metropolitan area of Helsinki in particular. Swedish and German investors have invested in the Finnish office sector. Several retail projects are being implemented all around Finland.
Prices in the residential sector have risen, thus making the demand for properties for rent increase. The rental market supplies very diversified rental opportunities.
Tampere, Oulu, Lakti, Turku, Kuopio and Jyväskylä are important centres that are recording excellent performances in the real estate market; anyway, Helsinki, Espoo and Vantaa remain the leading destinations of property investments.
The real estate market in Helsinki has experienced a real boom between 2001 and 2008. In recent years, the number of investors who have decided to buy a house in the Finnish capital has increased.
23% of real estate properties in Helsinki are managed through a social housing system and a half of contracts of lease enjoy the government support.
The development of the real estate market of Helsinki has been favoured by the noteworthy economic growth of the city. Wages have increased and the housing loan sector has evolved. Tax legislation favours ownership. Interest rates are low. The real estate market of Helsinki has not been spared by the global economic downturn. The number of transactions has decreased by 15%, even if the real estate property sector in the Finnish capital city is still competitive on a European scale.
The property market in Helsinki offers art-deco buildings, high-level premises whose prices are between 3100-4800 euros, Art-Nouveau historical palaces and luxury homes in splendid residential areas, close to the sea and with private garden.
Foreign investors are particularly interested in Kamppi neighbourhood.
Munkkiniemi is the most peaceful area. Here, it is possible to buy small villas near the sea.
In Ruoholati district it is possible to purchase condos, environment-friendly terraced houses with garden that guarantee a considerable saving of energy.
In Kallio neighbourhood prices are more affordable and under 3,000 euros p
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