[CLSTR]
< Back to situation

[REVISION HISTORY]

Finland housing market trends and costs

Updated 3 times since CLSTR started tracking revisions of this situation.

What changed

2026-09-27 04:15 UTC → 2026-09-30 05:12 UTC · added removed

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. percent. By late September, preliminary data confirmed a significant slowdown in the from Statistics Finland revealed that prices for old residential sector. 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, with only 68 units sold nationwide. In the Uusimaa region, used apartment transactions properties fell by 10.7 3.3 percent in August compared to the previous year. Regional trends show divergence: in the Helsinki metropolitan area, While prices remained stable relative to July, the year-on-year decline was widespread across most major cities, except for large family homes Oulu, where prices rose by up 2 percent. Helsinki experienced a 3.7 percent decrease compared to 8 August of the previous year. Nationally, apartment prices fell by 3.8 percent, while one-room apartment terraced house prices dropped decreased by nearly 7 2 percent. Conversely, the vacation home market in the Pirkanmaa region saw increased activity, with 270 cottages sold between January Transaction volumes for old apartment and August, surpassing terraced houses also declined, with 8.5 percent fewer sales recorded than in August of the previous year. Despite this, buyers remain cautious regarding financing, Although some economists suggest that internal development within the current year has been more moderate, consumer confidence remains low. Only 12 percent of consumers are currently considering buying or building a home, as loan amounts have decreased by approximately one-fifth due to interest rate concerns. rates, inflation, and high supply continue to weigh on the market's recovery.

Versions

  1. 2026-09-30 05:12 UTC Finland housing market trends and costs
  2. 2026-09-27 04:15 UTC Finland housing market trends and costs
  3. 2026-09-09 08:27 UTC Finland housing market trends and costs
  4. 2026-08-27 05:20 UTC Finland housing market trends and costs

Only revisions since CLSTR began indexing content versions appear here. Select a version to see what changed compared to the one before it.