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The Mortgage Society of Finland (Hypo) on Friday published its assessment of the risks, crisis resilience and outlooks for municipal real estate markets. Espoo joined Helsinki and Tampere as a top-rated municipality, being one of 24 municipalities to receive a rating upgrade from the housing-focused credit institution. ....
The European residential construction sector is expected to experience a decline in completed dwellings by 2025, according to calculations by the EUROCONSTRUCT forecasting network, which includes the ifo Institute. Factors such as rising interest rates, increased construction costs, and uncertainty surrounding real estate prices are leading to caution among builders and potential buyers. ....
The construction season for Helsinki s streets has started, with the main focus for the summer being the Mannerheimintie renovation project that began in early March. Work on the streetcar tracks will also continue on Mannerheimintie at Ruskeasuo. The most significant projects starting in 2023 are located at the northern end of Hämeentie and Itäväylä.
Six new works of art, implemented with the Percent for Art principle, have been completed around the city of Helsinki, in various facilities used by children and young people. Five school buildings now showcase new works by Inka Bell, Karoliina Hellberg, Pertti Kukkonen, Eeva-Leena Eklund and Markus Rissanen. A new daycare centre also houses a piece by Elina Autio. ....