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Finland housing costs expected to rise 2.7% this year
A study conducted by Pellervon Taloustutkimus PTT for the Real Estate Federation and the Detached House Owners' Association indicates that housing costs in Finland are expected to rise by an average of 2.7 percent this year.
The increase is primarily driven by rising interest rates, electricity prices, and heating oil costs. Heating oil prices have surged by approximately 29 to 30 percent compared to last year, influenced in part by conflicts in the Middle East.
There are notable disparities between housing types. Renters are in a significantly better position than homeowners, as market rent increases remain moderate and are expected to decline in the capital region. Conversely, homeowners, particularly those with mortgages, are facing higher costs. Single-family homeowners are seeing costs rise by nearly 5 percent on average, with the most significant increases among those using oil heating: nearly 9 percent for families with children and 14 percent for retirees.
Entities
Kiinteistöliitto · Marju Silander · Omakotiliitto · Pellervon Taloustutkimus PTT · Veera Holappa
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] Housing costs as a share of household net income are expected to remain stable this year. www.omakotiliitto.fi · www.ilkkapohjalainen.fi · www.sss.fi
- [● 3 SOURCES] Heating oil prices are approximately 29 to 30 percent higher than last year. www.omakotiliitto.fi · www.ilkkapohjalainen.fi · www.sss.fi
- [● 3 SOURCES] The situation for renters is significantly better than for homeowners. www.omakotiliitto.fi · www.ilkkapohjalainen.fi · www.sss.fi
- [● 3 SOURCES] Rising interest rates, electricity, and oil prices are driving the increase in housing costs. www.omakotiliitto.fi · www.ilkkapohjalainen.fi · www.sss.fi
- [● 3 SOURCES] There are significant differences in cost trends between renters and homeowners. www.omakotiliitto.fi · www.ilkkapohjalainen.fi · www.sss.fi
- [● 2 SOURCES] Housing costs for single-family homeowners rose by nearly 5 percent on average. www.ilkkapohjalainen.fi · www.sss.fi
- [● 2 SOURCES] Energy subsidies and social climate fund support should be extended to single-family homeowners. www.ilkkapohjalainen.fi · www.sss.fi
- [● 3 SOURCES] Housing costs in Finland are expected to increase by an average of 2.7 percent this year. www.omakotiliitto.fi · www.ilkkapohjalainen.fi · www.sss.fi