The rising cost of housing is eroding Finland s economic competitiveness, according to the business daily
The paper quotes Helsinki University Professor
Mari Vaattovaara, who says that higher prices mean longer periods spent repaying mortgages, which in turn discourage people from moving house.
According to Kauppalehti, it would take an average earner around 20 years to pay back the loan for a 30 square-metre studio outside of Helsinki s city centre. For people on lower pay, it could take closer to 30 years, the paper estimates, while the average earner could pay back a home loan in Turku or Tampere in about half that time.