Vantaa, Helsinki and Oulu registered the sharpest year-on-year drops in house prices, according to preliminary data released by Statistics Finland on Thursday, 28 March. In Vantaa, the prices of old dwellings in housing companies fell by as much as 10.4 per cent from February 2023.
The Finnish government on Thursday said it plans to do away with the transfer tax exemption granted to first-time home buyers in a bid to pay for a broader lowering of transfer tax rates, a move it expects to re-ignite real estate sales. Interest groups and opposition members alike voiced their concern about the plan’s impact on young people’s ability to acquire their first home.
Economists at OP Financial Group on Wednesday said they expect house prices to fall on average by 4–6 per cent in 2023, including by 5–7 per cent in the capital region.