Helsinki Finland Real Estate
We have all the real estate websites and looking for new homes for sale or rent can become an obsession in the current market situation.
The most expensive house in Finland is actually the one I lived in when I moved to Finland almost two years ago. It is relatively close to the city centre and the house is located in a large university town, close to all services. Traditionally, there is a strong correlation between the price of a house and its proximity to services, and this seems to be true in Finland as well. In fact, property prices usually rise, but in Helsinki they are much more affordable, especially for those in the middle of the country and not too far from the big cities.
Although my own house is further away from the centre of Helsinki, I can be reached by train, bus, metro and tram. The train comes from Helsinki, which means I am only a few minutes from all the city centres.
Improved transport links are likely to make Helsinki a more attractive destination for new home buyers in the future, especially those with long commute.
If these plans become a reality, we will probably be in a city in the east where prices are still relatively low. On the other hand, Helsinki is probably an attractive destination for property investors looking to upgrade their homes. As we said above, there is no guarantee that house prices will rise as fast as they have done for most of the past decade, but more and more people are looking for a place to live.
For better services, Lauttasaari and Lumo Rentals are located in the heart of the city, just a few kilometers from the central business district. Helsinki is also a good place to live, because it offers its inhabitants access to well-functioning public transport and good services, which are easily accessible from all over Helsinki. In the popular residential areas there is also a wide selection of restaurants, shops, hotels, restaurants and other services.
Office rents are much higher in the Helsinki area, but the price per square metre of real estate is still much lower than in the central Helsinki neighbourhoods. As more and more people move to southern Finland, mainly to work and study, demand for office space in Helsinki and the surrounding metropolitan area is growing steadily. Net income requires an average of 3.5% of the total cost of living for a one-bedroom apartment.
The average house prices for each district can be viewed on a map on the City of Helsinki website. Find out about the average square meter price of property in the Helsinki area and read about accommodation in Helsinki and the need for housing to support the needs of homeless people and their families.
For more information about studying real estate in Helsinki, Finland, click here. If you are an international student looking for real estate, there is a lot of information on the Helsinki real estate website.
The average square meter rent in Helsinki is 22.70 euros on the open market and 13 euros in early 2020. In summer 2019, the most expensive home in Helsingin Sanomat will cost 2,500 euros, depending on the size of the district. From summer 2019, it will cost 1.3 million euros for a two-bedroom apartment in the city center, 3.400 euros for three bedrooms in a four-bedroom apartment and around 4.600 euros for four-bedroom apartments in an apartment complex.
Sales of existing homes fell across the country and in Helsinki in 2017, but in Helsingin Sanomat the number of occupied homes rose by 1.5%, although price growth in Finland tends to be slower.
Rental levels in central Stockholm were 6.5 per cent in 2017, down from 7.2 per cent the previous year, and net income has fallen. In Helsingin Sanomat, with an average rental level of 2.7%, the required net income is 6% and 7% respectively.
The majority of net income in Helsingin Sanomat and the rest of Helsinki comes from real estate owned by professional investors.
In 2017, employment and pension institutions held an estimated 64 billion euros, or 28% of Finland's GDP. The large number of foreign investors can be explained by the fact that the largest retail sale took place in 2009, when Sponda sold its Finnish real estate portfolio to Blackstone for 3.7 billion euros. Public records show that companies such as Airiston and Helmi bought and sold more than 1.5 million square meters of land in the Turku Archipelago between 2007 and 2014, and another 77% was sold in Finland. The Finnish property market is growing continuously and was estimated at around 64 billion euros (28.8%) of gross domestic product (GDP) in 2017.
Lidl Finland will move its Finnish headquarters into an office building in 2016, and the total area of the property is 25,000 m2. Evershed has advised EQ to acquire Vihola, a trading centre for Nokia, as part of its investment in Finland. The office space is about 10,000 square meters and is leased to Uniarts Helsinki. Keva purchased the property in 2014 with an initial investment of 1.5 million euros for a total value of 2.1 billion euros.