60 percent of the respondents stated that they have not considered moving.
According to the report, the rise in housing costs has caused especially young adults to weigh their options. While 24 percent of 18–34-year-olds said they were considering moving or actively intending to move, the corresponding share among 34-54-year-olds was 19 percent.
Almost a third of the respondents who are at least considering moving stated that they are considering moving to another municipality in pursuit of cheaper housing costs. At the same time, about half of them announced that they want to lower their housing costs by moving to the area of their current home municipality.
Danske Bank also reported on Wednesday that a significant number of highly-educated young city dwellers appear to have postponed their home-buying plans, with the share of those considering buying a home falling from 54 percent in 2021 to 36 percent in 2023. Similarly, the share of highly-educated city dwellers not even considering buying a home has risen from 34 percent to 48 percent in the last two years.
All in all, Finns are only slightly less interested in buying an apartment than in 2021. Especially in smaller towns, there have not been many changes in apartment purchase plans in the last two years.
Takala encouraged young adults to look at the housing market and reminded them that the situation is especially favorable for first-time residents.
– There is supply, prices have fallen and the incentives for housing savings have improved. It gives first-time residents the opportunity to buy an apartment that they wouldn’t have the opportunity to in the hot market situation of the pandemic years,” he said. press release.
“Now the first-time home buyer has time to look for a suitable home and the opportunity to make a careful offer.”
Takala called on the decision-makers to ensure that the regulation that curbs household indebtedness does not create an obstacle for homeowners whose financial and life situation allows them to enter the market.
“Ownership is the dream of many Finns. Realizing this dream must be possible for everyone, regardless of family background, as long as their financial situation allows it, he reasoned.
The global situation has probably caused many highly educated city dwellers to postpone their apartment purchase plans, he added to Helsingin Sanomat. Since the employment situation and salary development of highly educated urban youth are good, the reason for the decrease in interest is more likely psychological than financial.
“I think this is more of a psychological phenomenon,” he told the newspaper.
Aleksi Teivainen – HT
Source: The Nordic Page