In a recent discussion on Kauppalehti's Talousaamu program, Janne Koivuniemi, the manager of Uudenmaan Osuuspankki, cautioned housing companies in Uusimaa about the risks of growing complacent with their financing for repair projects. He noted that while housing companies continue to receive financing for renovations, a drop in property values is complicating the funding landscape. The most common reason for rejected loan applications has been the accumulation of repair debts, which are then attempted to be resolved all at once rather than incrementally.

Koivuniemi emphasized the importance of proactive maintenance and timely repairs for housing companies. By addressing repair needs systematically and planning ahead, companies can mitigate the financial strain that comes from high repair costs relative to property values. He believes this approach would not only alleviate immediate financing pressures but also help maintain or even enhance the real estate value, ensuring long-term sustainability for the housing companies.

The growing number of rejected loan applications in recent years highlights a troubling trend, suggesting that many housing companies may be neglecting their repair responsibilities until it’s too late. Koivuniemi's insights serve as a critical reminder for housing companies to adopt a more strategic approach to property management, ensuring they do not fall behind in maintaining their assets, especially during challenging economic times.