Real Estate News, Reviews and Investment
Article: In Finland, property taxes are high and market prices unpredictable.
Within the last decade, the real-estate market in Finland has developed strongly after being a closed market for a long while. It was not until the 1980s that the citizens of Finland were allowed to buy property overseas and non-residents permitted to invest in property in Finland. In the province of Aland, there are still restrictions on the buying and selling of real estate.
Believe it or not, Finland is one of the very few countries in the world where the surface land is still expanding at approximately 7 km² every year. This is because of the phenomenon known as the post glacial rebound which has been happening since the last ice age.
This is interesting if you are considering real-estate investment in Finland.
Residential real estate in Finland
Buying real estate in Finland is a straightforward process and can be completed in a matter of weeks.
The standard of housing is high and most properties are modern, well equipped and safe. The different forms of housing available are:
Apartment blocks are the most common and apartments tend to be on the smaller side. However, they are not restricted to the built-up areas and you can often find variety in the location in the form of open and green spaces.
The bottom line
You should not consider buying property in Finland if you are a foreigner living there on a temporary basis. Property taxes are quite high and prices in the local market can be unpredictable.