Cost of real estate In Helsinki is the growing, residents of the capital spend on it 60% of the income

Aug. 23, 2016

Cost of real estate In Helsinki is the growing, residents of the capital spend on it 60% of the income

During the 2Q of 2016 secondary housing prices in Finland increased by 1.4%. The annual price increase was 1.2%.


In the Finnish capital cost per square meter increased to €3635 (2.6%). New apartments and new townhouses in Helsinki rose in price by 0.3%, while a similar real estate in other cities fell by 1.6%. Square meter of new housing in the capital costs now about €4611, and outside the capital – €3170.


According to the newspaper Helsingin Sanomat, a Helsinki resident spends on housing (rent, mortgage, utilities) almost 60% of its income. For comparison, in Tampere housing costs are 40%. Families with children living in Helsinki consume 41%. And after 2 years, in 2018 this percentage is expected to increase by 2.8%.

Based on the materials of fontanka.fi

Photocredit Depositphotos.com