The international financial crisis does not seem to have affected the confidence of house constructors or consumers in Finland, according to a market survey commissioned by Rakennuslehti, a major weekly magazine covering the field of construction, real estate and building services in Finland. New housing development in Finland has continued at a high level in May – September this year.
The Finnish property market has slowed down somewhat, according to the survey results. Demand and supply are balanced in western Finland and the Lahti region, while there is a some over-supply in other regions. House construction continues at a record level in the cities of Jyväskylä, Kuopio and Seinäjoki. In Oulu there are also no signs of a slow-down in new house construction projects.
The prices of properties on sale in Finland have been rising steadily. The average price has increased by 2% in the past four months, while the annual increase has been 3.5%.
Source: Rakennuslehti, 13.10.2010