Decline in housing market activity continues due to rising interest rates and tight regulations
The Finnish Real Estate Federation has released its June 2023 housing market report, highlighting the ongoing subdued activity in the real estate market. Despite hopes for improvement, the market conditions remained challenging, with interest rates continuing to rise. However, the data shows a slight increase in prices for existing properties outside the Helsinki metropolitan area. The CEO of the Finnish Real Estate Federation, Tuomas Viljamaa, questions whether the regulations surrounding housing finance have gone too far.