The inhabitants of Finland, for the most part, are ready to incur significant expenses when it comes to the house of their dreams.
To date, the real estate market in Finland is distinguished by both growth in demand and growth in supply.
The increase in demand is caused by an increase in the level of well-being of citizens, which has taken place in recent years. This was reflected in an increase in wages, in the growth of employment, in the revitalization of the consumer market and in the increase in the purchasing power of the population.
As for the growth of supply on the real estate market, it is due to the fact that, starting in 2015, the volume of construction, including housing construction, increased sharply.
It is easy to assume that in these conditions Finnish home buyers, as well as those who are going to be them, have become more picky. Old or, say, age-old real estate has become less appreciated than before. But the prices for new housing began to increase.
In addition, the attitude to different types of real estate has changed.
Individual houses became an object of increased attention in the consumer market, while apartments in storey houses began to lose their former popularity among home buyers.
We can say that today, for Finnish consumers who are looking for and buying housing, the most desirable acquisition is a new individual house. Therefore, prices for such residential properties are rising.
But the value of individual houses increases not only due to increased demand, but also because they, in accordance with the needs of the population, become more comfortable and more equipped.
Until relatively recently, at least in the 90s of the 20th century, houses in Finland, called the "front-line house", were in great demand. This is the name of two-story houses that were built in 1948 - 1955. on a similar project and were intended for participants in the war.
For their time and for subsequent decades, such houses seemed quite vast and well-maintained. In addition to two levels, they have a spacious basement, which houses a sauna and boiler room.
The “Front-line House” is still not uncommon in various parts of the country. Many of them are newly renovated, reconstructed and equipped in a new way.
However, even in a reconstructed form, these houses do not satisfy the needs of most of today's buyers.
Demand for more modern private houses built in 1960 - 1970 is also decreasing. Buyers, as it was written in one of the Finnish newspapers, want something “new, clean, bright and shiny.”
It is noteworthy that the novelty is put in first place in comparison with the size of housing. This allows buyers to avoid exorbitant costs for the acquisition of real estate. Therefore, in the context of growth in sales of new, more comfortable and more isolated housing, the share of housing expenses in the family budget remained the same or even decreased. This is due not only to savings in footage, but also to an increase in household incomes.
Probably, in every country there are special ideas about ideal housing, determined by the national mentality. Naturally, the inhabitants of Finland also have their own preferences.
Despite the influx of population into large cities, the Finns, with their lack of hassle and a desire for a relaxed atmosphere, still strive to live away from the noisy city center and outside densely populated areas.
This was revealed during a survey of 600 residents of the country, conducted by a group of researchers.
Three quarters of the respondents said that the most desirable type of housing for them is an individual house. Only 18 percent would like to live in an apartment in a multi-storey building.
Blocked cottage was of interest only to every tenth of the survey participants.
The survey also revealed that, in addition to the desire to live in their own house, the Finns attach importance to the place in which this house is located.
Half of the respondents dream that their home should be in a calm place and, preferably, near a reservoir.
The next most popular accommodation option is a small house or half-house on the outskirts of the city.
Only 16 percent spoke in favor of living in the city center.
Even among people under 30 years of age, there was no ardent desire to live in the center, although, as is commonly believed, young people tend to gravitate towards the noisy central areas.
As for the size of housing, most respondents would like to live on at least 70 square meters. The most popular quadratures for ideal housing were living space sizes of 150 m2 and 70-100 m2.
Less demanding in terms of spacious housing were people aged 50-60 years. This can be explained by the fact that after the children leave for an independent life, their parents do not have an urgent need to maintain a large apartment.
The survey showed that the Finns, for the most part, are ready to incur significant expenses when it comes to their dream home. A significant part of the citizens surveyed is ready to spend 100 to 300 thousand euros on the purchase of housing. About 6% of the respondents agree to invest more than 800 thousand euros in real estate.
To date, the real estate market in Finland is distinguished by both growth in demand and growth in supply.
The increase in demand is caused by an increase in the level of well-being of citizens, which has taken place in recent years. This was reflected in an increase in wages, in the growth of employment, in the revitalization of the consumer market and in the increase in the purchasing power of the population.
As for the growth of supply on the real estate market, it is due to the fact that, starting in 2015, the volume of construction, including housing construction, increased sharply.
It is easy to assume that in these conditions Finnish home buyers, as well as those who are going to be them, have become more picky. Old or, say, age-old real estate has become less appreciated than before. But the prices for new housing began to increase.
In addition, the attitude to different types of real estate has changed.
Individual houses became an object of increased attention in the consumer market, while apartments in storey houses began to lose their former popularity among home buyers.
We can say that today, for Finnish consumers who are looking for and buying housing, the most desirable acquisition is a new individual house. Therefore, prices for such residential properties are rising.
But the value of individual houses increases not only due to increased demand, but also because they, in accordance with the needs of the population, become more comfortable and more equipped.
Until relatively recently, at least in the 90s of the 20th century, houses in Finland, called the "front-line house", were in great demand. This is the name of two-story houses that were built in 1948 - 1955. on a similar project and were intended for participants in the war.
For their time and for subsequent decades, such houses seemed quite vast and well-maintained. In addition to two levels, they have a spacious basement, which houses a sauna and boiler room.
The “Front-line House” is still not uncommon in various parts of the country. Many of them are newly renovated, reconstructed and equipped in a new way.
However, even in a reconstructed form, these houses do not satisfy the needs of most of today's buyers.
Demand for more modern private houses built in 1960 - 1970 is also decreasing. Buyers, as it was written in one of the Finnish newspapers, want something “new, clean, bright and shiny.”
It is noteworthy that the novelty is put in first place in comparison with the size of housing. This allows buyers to avoid exorbitant costs for the acquisition of real estate. Therefore, in the context of growth in sales of new, more comfortable and more isolated housing, the share of housing expenses in the family budget remained the same or even decreased. This is due not only to savings in footage, but also to an increase in household incomes.
Probably, in every country there are special ideas about ideal housing, determined by the national mentality. Naturally, the inhabitants of Finland also have their own preferences.
Despite the influx of population into large cities, the Finns, with their lack of hassle and a desire for a relaxed atmosphere, still strive to live away from the noisy city center and outside densely populated areas.
This was revealed during a survey of 600 residents of the country, conducted by a group of researchers.
Three quarters of the respondents said that the most desirable type of housing for them is an individual house. Only 18 percent would like to live in an apartment in a multi-storey building.
Blocked cottage was of interest only to every tenth of the survey participants.
The survey also revealed that, in addition to the desire to live in their own house, the Finns attach importance to the place in which this house is located.
Half of the respondents dream that their home should be in a calm place and, preferably, near a reservoir.
The next most popular accommodation option is a small house or half-house on the outskirts of the city.
Only 16 percent spoke in favor of living in the city center.
Even among people under 30 years of age, there was no ardent desire to live in the center, although, as is commonly believed, young people tend to gravitate towards the noisy central areas.
As for the size of housing, most respondents would like to live on at least 70 square meters. The most popular quadratures for ideal housing were living space sizes of 150 m2 and 70-100 m2.
Less demanding in terms of spacious housing were people aged 50-60 years. This can be explained by the fact that after the children leave for an independent life, their parents do not have an urgent need to maintain a large apartment.
The survey showed that the Finns, for the most part, are ready to incur significant expenses when it comes to their dream home. A significant part of the citizens surveyed is ready to spend 100 to 300 thousand euros on the purchase of housing. About 6% of the respondents agree to invest more than 800 thousand euros in real estate.
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