According to a survey by Kiinteistöliitto, the rate of increase in real estate costs in cities has slowed down. Despite the fact that housing companies’ treatment fees are still increasing significantly this year, the rate of increase is more moderate than the previous year. Nearly 4,800 responsible persons of member housing companies participated in the survey in May.
The slowdown in the growth rate of housing costs is attributed to a variety of factors. One significant factor is the decrease in real estate prices, which has been seen across many cities. Additionally, government policies aimed at reducing housing prices have also contributed to this trend.
The chief economist of Kiinteistöliito, Jukka Kero, stated that while the slower rate of increase in housing costs is positive from a building society perspective, it may not necessarily be good news for homeowners. While apartment buildings and townhouses have seen some relief from rising prices, other types of properties such as single-family homes and commercial properties continue to see significant price increases.
The survey also found that four out of five respondents reported that their housing company’s financial situation was stable in May, showing a significant increase compared to the previous year. However, this stability may not last long as concerns about rising interest rates and inflation continue to loom over the real estate market.
