YLE on Monday reported that the house market has been buoyed by first-time home buyers who are looking to make their purchase before becoming liable for transfer tax at the start of next year.
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.