# Finland housing market trends and costs

> Live situation record from CLSTR: https://clstr.news/situations/finland-housing-market-trends-and-costs
> Updated: 2026-09-09T05:26:21.000Z. Sources: 5. Developments: 3.

In mid-August 2026, projections indicated that housing costs in Finland would rise by an average of 2.7 percent for the year, driven by rising interest rates and a 29 to 30 percent surge in heating oil prices.

By late August, data from the National Land Survey of Finland confirmed a shift toward a buyer’s market in the capital region. Median prices for detached houses declined in Espoo by 7.5 percent (46,750 euros) and in Helsinki by 6.4 percent (31,750 euros). Vantaa reported a 5.8 percent drop, while prices rose in Sipoo, Kirkkommi, and Pirkkala. Although transaction volumes for residential and holiday homes remained stable compared to the previous year, Saara Saari of the National Land Survey noted that sales levels had not yet returned to the peak volumes seen during 2020–2022.

By early September, the market experienced a significant slowdown. In August, used apartment sales reached their lowest level since August 2003, with national transactions falling approximately 15 percent year-over-year to 4,088 sales. New apartment sales were also described as extremely weak. 

Regional price trends showed divergence: in the Helsinki metropolitan area, prices for large family homes rose by up to 8 percent, while one-room apartment prices dropped by nearly 7 percent. Tuomas Viljamaa, CEO of the Finnish Real Estate Federation (KVKL), stated that the current ratio between housing prices and income levels offers a historically favorable position for first-time buyers, comparable to the period following the recession of the 1990s.

## Timeline

### 2026-09-09: Finland housing market sees significant sales decline

Finnish used apartment sales hit their lowest level since 2003 in August. While Helsinki sees rising prices for large homes, first-time buyers may find a historically favorable market position.

3 sources. https://clstr.news/cluster/finland-housing-market-sees-significant-sales-decline

### 2026-08-27: Finland housing prices decline in Espoo, Helsinki, and Vantaa

Median detached house prices in Espoo, Helsinki, and Vantaa have declined, signaling a buyer's market in Finland's capital region, according to National Land Survey data.

2 sources. https://clstr.news/cluster/finland-housing-prices-decline-in-espoo-helsinki-and-vantaa

### 2026-08-18: Finland housing costs expected to rise 2.7% this year

Finnish housing costs are projected to rise by 2.7% this year, driven by high interest rates and energy prices. Homeowners, especially those in oil-heated houses, face much higher increases than renters.

5 sources. https://clstr.news/cluster/finland-housing-costs-expected-to-rise-27-this-year

---
Cite as: Finland housing market trends and costs. CLSTR, https://clstr.news/situations/finland-housing-market-trends-and-costs