In Finland, numerous apartments are being placed on the market for remarkably low prices, even as low as one euro. This trend has emerged as many owners are keen to shed the burden of ongoing expenses, including maintenance charges and accumulating repair debts. According to Statistics Finland, the prices of old condominiums saw a significant drop of 4.5 percent in December compared to the previous year, indicating a potential shift in the housing market dynamics that may be pressuring owners into selling at drastically reduced prices.

Particularly, properties sold by estates and those located outside the city circle (Kehä III) are noted to be hitting the market at exceptionally low rates. Potential buyers frequently withdraw from transactions upon discovering the true condition and the necessary repairs needed in these properties. This hesitation suggests that while there may be an uptick in interest or activity in the housing market, buyers remain cautious and are weighing the risks associated with low-priced homes, which may require more investment than initially anticipated.

Despite a long-standing sluggishness in the Finnish housing market, recent indicators suggest a modest recovery in activity. However, this has yet to translate into price increases. Statistics Finland's latest data highlights that the decrease in the prices of older condominiums is the sharpest recorded in the previous year, emphasizing a challenging environment for sellers trying to capitalize on the current market while also dealing with consumer apprehension regarding property investments.