Mar 8 • 16:15 UTC 🇫🇮 Finland Ilta-Sanomat

Radical proposal for unsold studio apartments: "Many are playing with this idea"

A Finnish real estate agent suggests combining poorly selling studio apartments into larger units to address slow housing market activity.

In Finland, the real estate market is experiencing stagnation, particularly among small studio apartments, which have been selling poorly lately. To tackle this issue, real estate agent Minna Kivimäki proposed a radical idea: why not merge these less desirable units into bigger apartments? This suggestion has sparked interest and discussion, as merging could potentially boost demand for housing despite the current market challenges.

Asko Takala, the chairperson of the Finnish Association of Architects, weighed in on this concept, expressing that while merging is feasible, its execution heavily depends on the age and technical infrastructure of the buildings involved. Older buildings tend to offer more opportunities for such alterations, as they may not have modern mechanical ventilation systems, unlike newer constructions where technical constraints could complicate changes. Therefore, the practicality of Kivimäki's idea varies significantly across different properties.

However, construction company YIT has dismissed the merging concept, citing that they are currently closing deals on studio apartments, indicating a corrected market trend. Additionally, the merging process involves not just technical hurdles but also administrative challenges that could hinder widespread implementation of this proposal. As the housing market continues to show signs of sluggishness, discussions like these reveal the lengths to which stakeholders are willing to go to stimulate demand and reconfigure existing inventory.

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