Statistics Finland in September 報告 that property maintenance costs rose 2.1 percent year-over-year in the second quarter. According to Nordea, the recent rise in oil, electricity, district heating and renovation prices could accelerate the rise in housing costs, especially at the end of the year.
“Residents of small houses will see the rise in energy prices directly in the bills of energy companies, and the residents of housing companies will be surprised at the Annual General Meeting next spring at the latest, as maintenance fees may have to be raised,” Juho predicted. Kostiainen, Chief Economist of Nordea.
The study shows that as many as 28% of homes have planned or implemented a switch to a more environmentally friendly heating system in the last five years – a phenomenon driven by rising energy prices, concerns about the climate crisis and government support measures.
For example, the climate crisis has shaped the housing expectations of every second Finn in the future.
“An ecological heating system, energy-efficient construction and good public transport connections are the most important features of the climate. In the future, energy solutions can become crucial for the cost of housing and the integrity of the house, ”Kostiainen analyzes.
He said at a news conference that accelerating inflation may not bode well for mortgage borrowers, as it is not expected to lead to wage increases that make it easier to repay mortgages.
For example, in the 1970s, interest rates were around 10 percent and inflation as high as 15 to 20 percent. “At the same time, real wages rose by 3–4 per cent. There is currently no prospect of such a rise in real wages, ”he said Helsingin Sanomat quoted at a press conference.
According to the survey, almost three-quarters (73%) of mortgage borrowers have prepared for rising interest rates by hedging, saving or investing.
Nordea also expects the real estate market to remain brisk, based on a record number of approved mortgage applications. In September, the service provider itself granted 13 per cent more mortgages than last year.
However, the most dramatic rises should take place in the rearview mirror.
Nine percent of respondents aged 18 to 34 reported moving to a bigger house during a coronavirus pandemic. Another 16 percent said they needed a bigger home if telecommuting turned out to be a more permanent phenomenon.
“Young people have emphasized the need for a bigger house. Many people have noticed that it is not nice to work remotely in a small studio, ”Kostiainen said.
“Especially younger families with children under the age of 35, who may not be rooted in the current locality, are willing to pick up their bags and relocate,” he added. ユッシ・パヤラ, CEO of Nordea Mortgage Company.
In November, Kantar TNS interviewed more than 1,000 people aged 18-79.
アレクシ・テイヴァイネン – HT