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Housing prices in the Helsinki metropolitan area and major cities became more expensive in February – Taloussanomat

The number of transactions increased by almost a fifth in February.

In February, house prices once again developed in different directions in the Helsinki metropolitan area and elsewhere in the country, says Statistics Finland.

In the Greater Helsinki area, prices went up by 3.4 per cent compared with February last year. In Helsinki, housing prices rose by 4 per cent a year, in Vantaa by 3.1 per cent and in Espoo by 1.9 per cent.

Prices in the frame municipalities of the Greater Helsinki area rose by 2.3 per cent.

Elsewhere in the country, prices fell by an average of 0.9 per cent. However, rising prices were recorded in Tampere, Oulu and Turku. The increase was 4 per cent in Tampere, 3.4 per cent in Oulu and 0.2 per cent in Turku.

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At the same time, housing sales picked up considerably. The price of transactions made through real estate agents increased by 18 percent compared to last year. According to Statistics Finland’s preliminary data, the value of housing sales was almost EUR 17 billion last year. Of this, 46 per cent was generated in the Helsinki Metropolitan Area and the six largest cities accounted for 62 per cent.

Realtors worried about restrictions on movement

Vibrant trading is also anticipated by Real Estate Agents, who expect that both housing and cottage sales will be brisk this spring. However, Suomen Kiinteistönvälittäjät SKVL is concerned about possible movement restrictions to the Helsinki metropolitan area and Turku.

The regions make an average of more than 2,000 home sales per month at this time of year. In addition, a lot of rental apartments are exchanged. The draft law under consideration in Parliament only names conversion as a valid reason to move in housing matters.

Executive Director of the Association Jussi Mannerberg considers that this would cause disproportionate inconvenience to residents of restricted areas.

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– Of course, with possible restrictions, we must live above health and do only what can be done safely. However, many have already sold their homes and need a new one, Mannerberg says in a statement.

A home sale cannot be made without visiting the property to be purchased on site, except in exceptional cases, Mannerberg says. If housing deals do not materialize, significant costs can result. At worst, thousands of people could be left without a permanent place to live, Mannerberg warns.

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