The article highlights how housing prices in Finland have decreased by up to 20% from peak years, benefiting first-time homebuyers who do not have to sell a previous property. It emphasizes the challenges young buyers may face when relying solely on loans without additional collateral, which is often the case for many first-time buyers lacking existing assets.

As the process of buying a first home begins with saving, the article outlines the various options available to prospective buyers, specifically underlining the ASP (home savings account) system. The ASP system, backed by Finnish law, provides state support for those purchasing their first owner-occupied home, making it a vital resource for the youth entering the housing market.

Significant changes to the ASP system will come into effect in June, including the removal of the age limit of 44, enabling anyone aged 15 and older who has not previously bought a home to start saving under this scheme. The article points out that, while minors must earn their savings through work, this reform is anticipated to make homeownership more accessible for younger individuals in Finland.