Real estate prices will drop in a total of 70 municipalities in Finland in 2018–2020, indicates a forecast published by Kiinteistömaailma.
“These are home to more than a half a million Finns. These municipalities must buckle down and work hard to create jobs and services in order to preserve their regional appeal,” Erkki Heikkinen, the managing director of the nationwide chain of franchise real estate agencies, comments in a press release.
He reminds, however, that most home owners have no reason for concern over the value of their homes, as 87 per cent of the public live in municipalities where real estate prices are expected to remain at their current level or creep up over the next two years.
“Your own home will remain a reliable source of wealth also in the future,” he assures.
Kiinteistömaailma forecasts that real estate prices will fall sharply especially in Pieksämäki (3.8%), Salo (2.9%), Mänttä-Vilppula (2.2%), Parainen (2.0%) and Heinola (1.8%). The prices will contrastively increase in Helsinki (3.0%), Kokkola (2.4%), Tampere (1.6%), Espoo (1.5%) and Turku (1.5%).
Overall, real estate prices are forecast to creep up in 32 municipalities across the country between 2018 and 2020. The municipalities have a combined population of roughly 1,920,000 and thereby account for 36 per cent of the total population of Finland.
Aleksi Teivainen – HT
Photo: Antti Aimo-Koivisto – Lehtikuva
Source: Uusi Suomi