Hypo: Now echoes from the 1990s are heard
The Finnish Mortgage Society (Hypo) reports that the housing market is experiencing echoes from the 1990s, with a continuous decline in housing prices observed for the past 3.5 years, reminiscent of the worst periods of the 1990s recession, although the current economic situation is not as dire.
Bank: Housing Prices Have Fallen for as Long as During the Worst of the 1990s Depression
Average housing prices in Finland have been declining for 3.5 years, matching the duration of declines seen during the worst times of the 1990s recession, according to housing lender Hypo.
A surprising phenomenon in the housing market: Official data can be misleading
The Finnish housing market is facing potential price declines despite an increase in trading activity, according to Hypo's chief economist Juho Keskinen.