Growing investment market
Investing is about buying cheap and selling at the right time, and of course this also applies when investing in the Helsinki real estate market. It should be noted that the pandemic has changed the world, including economically, and will never be the same again. Still, because everything has an equal and opposite effect, this unfortunate turnaround also led to the lowest interest rates in Finland for years.
We are talking about interest rates as low as 0.77% in February 2020, down from 0.85% the previous year.
In addition, the Finnish market has grown steadily, estimated at around EUR 64 billion in 2018. This is 28% of Finland’s gross domestic product. Playing with such odds and the figures mean that there is certainty and promise when considering the investment in the Helsinki real estate market.
Anyone can invest
One of the most interesting prospects for investing in Helsinki is that anyone can invest in real estate. Since 2020, the Finnish government has made it possible for anyone outside the EU or the EEA to buy and even distribute property without permission. In addition, given that most properties are owned and sold in this way in Finland, it is safe to say that this is not a bad investment strategy.
In addition, the Helsinki Metropolitan Area has 30% of the population’s jobs compared to the rest of Finland. This means that Helsinki can be a good place to start investing. It may also explain why many other global investors invest in the Helsinki metropolitan area instead of Greater Finland itself.
As mentioned earlier, investing can be risky, so always do your research before taking the next step. For example, go to places with city information in cities that look attractive. Look what real estate guides tell us about these places and finally make an informed decision.
Remember, there is a risk involved in everything; and while real estate trends look good at the moment, everything has a season. So make sure the season is right before investing, because when all is said and done, we all want to walk with a great harvest.
Source: The Nordic Page