Kiinteistömaailma said on Thursday that Jokeri Light Rail, a light rail project that connects Itäkeskus in Helsinki and Keilaniemi in Espoo, will affect price development and increase demand in the areas along the route. At the same time, price increases of 3.7 per cent are forecast in Pihlajamäki, which is partly due to the development of the supplement and the renovation of the local shopping center.
Prices in the Finnish capital rose by 6.8 per cent from the previous 12-month period.
Prices in Espoo and Vantaa are forecast to rise by four per cent over the next 12 months, while prices have risen by eight and almost six per cent in the last 12 months.
“If you think of Espoo, for example, Finno and Kaitia are promising very high-quality new construction along the second western metro extension. Metro is really changing Espoo, ”says Risto Kyhälä, CEO of Kiinteistömaailma. commented To Helsingin Sanomat.
Although the forecast promises stronger growth in the Helsinki metropolitan area than in the country as a whole, Turku and Tampere are currently ahead of all cities in the region.
“Turku and Tampere have gained popularity in the Helsinki metropolitan area. In Turku, the rental market is currently developing faster than anywhere else in Finland, ”Kyhälä revealed.
City housing prices are forecast to rise 4.7 percent, after rising 7.1 percent over the past 12 months. In Tampere, price increases are expected to slow from 6.0 per cent to 4.6 per cent, according to Kiinteistömaailma.
Kyhälä revealed that the need for additional space is obvious, especially in the Helsinki metropolitan area, and the demand for detached and terraced houses caused by the coronavirus pandemic is still high. As many as 94 per cent of real estate agents estimate, for example, that there is a shortage of multi-storey terraced houses in Espoo.
There is an oversupply of small apartments elsewhere in the area. In Vantaa, 50 per cent of the agents considered that there was an extra one-bedroom apartment.
“There are a huge number of small apartments in Vantaa,” said Kyhälä.
According to the real estate world, statistics show that there was a change in the real estate market where the prices of larger family homes exceeded the prices of small homes for the first time in 15 years. The change will benefit people who move from larger to smaller apartments.
“As children move away from home and retirees start thinking about what to do in their detached house – their situation has improved,” he told Helsingin Sanomat.
“When children move out of their homes and seniors think about what to do in their detached house. Their situation has improved, ”Kyhälä summed up.
Aleksi Teivainen – HT
Source: The Nordic Page