Feb 12 • 08:30 UTC 🇫🇮 Finland Yle Uutiset

The turnaround in the housing market is not coming – PTT forecasts a fifth year of declining prices: see the list of cities

PTT forecasts that the decline in housing prices in Finland will continue for a fifth consecutive year, with a nationwide drop of 1% expected.

According to Pellervon taloustutkimus (PTT), the Finnish housing market is set to experience another year of declining prices, marking the fifth consecutive year of downturn. The organization predicts that prices of old apartment buildings will decrease by 1% across the country this year. This decline, while still negative, shows signs of slowing compared to a sharper drop of over 2% experienced in the previous year. Cities such as Vantaa and the greater Helsinki area are anticipated to see the most significant price reductions, whereas only Oulu is expected to witness a gradual price increase this year.

The regional predictions suggest a variance in price changes, with Vantaa facing the steepest decline at 4.6%, while in Oulu, prices are projected to increase by 1% in 2026. This trend indicates that the Finnish housing market is struggling to recover, with implications for both potential buyers and sellers. The anticipated continued decline in prices may dissuade new real estate investments and affect the overall housing market sentiment among consumers.

PTT's forecasts diverge from the assessments of other entities monitoring the housing market, such as Danske Bank, suggesting that opinions on the housing market's future trajectory are mixed. This discrepancy could highlight varying market conditions perceived by different analysts, emphasizing the uncertainty that currently characterizes Finland's residential real estate sector. Analysts and stakeholders will need to navigate these predictions carefully as the market continues to evolve, potentially positioning themselves strategically to leverage opportunities or mitigate risks.

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