Tax growth has affected sales of apartments in Finland

Tax growth has affected sales of apartments in Finland

Tax for transactions with apartments, increased at the beginning of 2013 from 1.6% to 2%, impacted on the real estate market in Finland, analysts believed. In March 2013, the number of transactions fell to a record level, with the decline in sales did not significantly affect the cost per square meter, informed "Fontanka.fi" based on the report of realty company Huoneistokeskus. The exact number of transactions is not disclosed.

Real estate prices in Finland have not changed significantly. In March 2013 compared with February 2013 small fall in prices was in Helsinki, where are the most expensive flats. The cost per square meter in an apartment building in the Finnish capital dropped to €4,158 (€4,177 in February 2013), in Espoo - €3,428 (€3,455), in Tampere – €2,430 (€2,457), in Turku - €1,927 (€1,954).

The growth in prices was registered in Vantaa - from €2,606 to €2,624, Kuopio - from €2,002 to €2031, in Lahti - from €1794 to €1828.

Medium sale term of the Finnish apartment in March 2013 was 53 days.