Central Association of Realtors notes that in the period from January to June the volume of home sales in the secondary market fell by 10% compared with the same period last year, reports yle.fi. The real estate market in Finland began a sharp decline.
The market has declined since the beginning of the year. Even in the first quarter of 2013 there was a reduction of 7% in the number of transactions compared to the first quarter of 2012. Analysts suggest that this may be due to another rise in price of housing in Helsinki, where a square meter costs €4,236.
The rental market, too, is not at its best. Cottages, usually are popular in the summer season, are often empty today.