In the capital region, the increase in rents slowed down compared to the rest of the country

The annual growth was 0.2 percent in and and 0.1 percent in . Meanwhile, rents in the center of Helsinki decreased by 0.2 percent.

Sakari RokkanenEconomist of the Finnish Association of Landlords, estimates in press release The development of the capital region is explained by the fact that the supply remains good enough to compensate for the growing demand for rental apartments.

“Vuokraovi.com’s statistics show that the demand for rental apartments has also increased in the capital region after the corona virus [pandemic], but finding a tenant is more challenging than before the pandemic due to the good supply. The supply situation explains the slower rise in rents in the capital region, he said.

“Increasing competition for tenants has kept the rental development very modest.”

In the region, the difference between smaller and larger rental apartments also increased, as the rents of at least three-room apartments rose by 0.8 percent and the rents of one- and two-room apartments remained unchanged.

Rokkanen reminded that the third quarter of the year is typically busy in the rental market, when students start looking for an apartment for the school year. Landlords nationwide, he added, are finding tenants faster on average than before the pandemic.

“The particularly fast rise in interest rates and the increase in general uncertainty have slowed down the housing trade in many cities. Many households may find renting a more predictable and flexible solution in an uncertain situation, which will probably increase the demand for rental apartments,” he analyzed.

Aleksi Teivainen – HT

Source: The Nordic Page


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