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Unfortunate Prediction: Housing Costs to Rise

According to the Real Estate Federation of Finland, Finnish housing costs are estimated to rise by 10 percent between 2012 and 2016.

The data comes from a study commissioned by the Real Estate Association and Pellervo Homeowners Association looking at household’s housing costs.

The study estimates that expenditures for renting households will rise 12 percent and living expenses for mortgaged homeowners will rise 10 percent.

The study also found that families with children pay on average 400€ more for an apartment in Greater Helsinki than in Kouvola and Pori.

“Families with children living in a 90-square-meter apartment in Helsinki and Espoo, pay 1200€. In Kouvola and Pori, housing of the same size costs about 800€ per month,” says the Real Estate Association.

The Real Estate Federation is also concerned about the sharp rise in property taxes caused by the housing policies of the Finnish government and the EU.

Source & Image: Uusi Suomi

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