No new rental apartment construction started in Helsinki this year so far

No new rental apartment construction started in Helsinki this year so far

Construction of ordinary rental apartment houses has come to almost a complete stop in the Helsinki region. Not a single construction project for rental apartments has been launched in Helsinki or Vantaa this year so far. In Espoo work started on only one rental apartment building with 51 flats.

The state has set aside resources for the construction of 2 500 rental apartments nationwide. However, Hannu Ahola, a housing market expert at ARA, says that it is unlikely that more than 1 500 apartments will be built. He also says that many experts are making off-the-record predictions that there will be only 1 000.

 

Source: http://www.hs.fi/english/article/No+new+rental+apartment+construction+started+in+Helsinki+this+year+so+far/1329104688903