Opportunities for Housing in Finland: Prices, Rents, and Investments
Finland is a beautiful country that is known for its forests, lakes, and natural beauty. In recent years, it has also become an attractive destination for real estate investors. The country has a stable economy and a strong governmental system, which makes it a safe and secure place to invest in property.
In this article, we will explore the opportunities for housing in Finland, including prices, rents, and investments. We will also answer some frequently asked questions about real estate in Finland.
Property Prices in Finland
The property prices in Finland have been steadily increasing over the past few years. In 2020, the average price per square meter in Helsinki was €4,036, while in other regions, the average price per square meter ranged from €1,532 to €3,048. The prices vary depending on the location, the type of property, and the condition of the property.
In general, properties located in urban areas tend to be more expensive than those in rural areas. Apartments are the most common type of property in Finland, and they are also the most expensive. Houses and villas in Finland are typically larger and more expansive than apartments, but they tend to be less expensive.
Property Rents in Finland
The rental market in Finland is quite active, and the rents vary depending on the location of the property. The average monthly rent for a studio apartment in Helsinki is €980, while a two-bedroom apartment costs around €1,607. Outside of Helsinki, the average rent for a studio apartment ranges from €430 to €796, while a two-bedroom apartment costs around €873.
In general, rents in Finland are high compared to other parts of Europe. However, the rents in Finland are relatively stable, and rental agreements are typically long-term, lasting for several years.
Investments in Finland
Investing in property in Finland is a wise decision for several reasons. Firstly, the Finnish property market is stable and secure. The government provides a lot of support to the housing market, which makes it a safe investment. Secondly, the rental market in Finland is active and stable, which means that investing in rental properties can be a profitable venture.
There are several options for investing in property in Finland. You can purchase a property and rent it out, or you can invest in real estate funds or exchange-traded funds (ETFs). Real estate funds and ETFs allow investors to invest in a portfolio of properties without having to invest in individual properties directly.
FAQs about Real Estate in Finland
Q: Can foreigners buy property in Finland?
A: Yes, foreigners can buy property in Finland without any restrictions. However, if you are not a citizen of an EU or EEA country, you may need to get permission from the Finnish Ministry of Defense.
Q: What are the taxes for property owners in Finland?
A: Property owners in Finland pay property tax, which is calculated based on the value of the property. The tax rate varies depending on the location of the property and the size of the property. Additionally, rental income is subject to income tax.
Q: What are the rental laws in Finland?
A: Rental agreements in Finland are typically long-term agreements that can last for several years. The landlord can only terminate the agreement under specific circumstances. The rent can be increased annually, but the landlord must give three months’ notice beforehand.
In conclusion, Finland is an attractive destination for real estate investments. The property prices are stable, and the rental market is active. Investing in property in Finland is a wise decision, and there are several options for investors to explore. With the right research and knowledge, investing in Finnish real estate can be a profitable venture.