Property Investor information: Finland
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Property Investor information for: Finland
The demand for housing began to rise in the late 1990s. The slowdown in economic activity at the beginning of the 1990s led to a fall in the prices of owner-occupied housing and to a reduction in the construction of such housing. After the recovery in the economy households began once again to invest in housing. This led to a fairly rapid rise in the price of owner-occupied housing and in the rents of free market rental housing. There was also an increase in the number of applicants for social rental housing.
However, the new demand for housing was concentrated in just a few growth areas in the country. This was because of the change in the structure of the economy: new jobs were created in these growth areas e.g. Metropolitan Helsinki and the surrounding area, and the Turku, Tampere, Jyv�skyl� and Oulu areas. Strong internal migration into these growth areas stimulated housing demand.
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