Prices of older dwellings fell in Finland in June
The prices of older dwellings have fallen in Finland during the month of June. According to data from Statistics Finland, the decline in housing prices has been similar both in large cities and in the rest of the country.
In Finland's six largest cities, prices for older dwellings fell by 3.9 percent in June. The situation was very similar outside of the large cities, where prices fell by 4.0 percent.
The development of the housing market has been challenging recently, and the decline in prices reflects the general economic situation. Rising interest rates and the increasing cost of living have affected how much people are willing or able to pay for homes.
The slowdown in the housing market and the decline in prices have been visible for some time. Experts are closely monitoring how the market develops during the remainder of the year and when the decline in housing prices might potentially come to a halt.