Key regions: Germany, Europe, Asia, United States, United Kingdom
The Residential Real Estate Transactions market in Finland has been experiencing steady growth in recent years, driven by a combination of customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Finnish real estate market have been shifting towards more sustainable and energy-efficient properties. This is partly due to increased awareness of environmental issues and the desire to reduce energy consumption. As a result, there has been a growing demand for properties with energy-efficient features such as solar panels, insulation, and smart home technology. Additionally, customers are increasingly looking for properties in urban areas that offer easy access to amenities and public transportation. Trends in the Finnish real estate market reflect these customer preferences. There has been a significant increase in the construction of energy-efficient residential buildings, particularly in urban areas. Developers are incorporating sustainable features into their projects to meet the growing demand for environmentally-friendly properties. Additionally, there has been a rise in mixed-use developments that combine residential units with retail and commercial spaces, catering to the desire for convenience and accessibility. Local special circumstances also contribute to the development of the Residential Real Estate Transactions market in Finland. The country has a high homeownership rate, with many Finns considering owning a home as a long-term investment. This cultural preference for homeownership has created a stable demand for residential properties, driving the growth of the market. Additionally, the Finnish government has implemented policies to support homeownership, such as providing subsidies for first-time buyers and offering tax incentives for energy-efficient properties. Underlying macroeconomic factors have also played a role in the development of the Finnish real estate market. The country's strong economic performance, low interest rates, and stable housing market have created a favorable environment for real estate transactions. Additionally, Finland's population growth, particularly in urban areas, has increased the demand for housing, leading to a rise in residential real estate transactions. In conclusion, the Residential Real Estate Transactions market in Finland is developing in response to customer preferences for sustainable and energy-efficient properties, as well as the desire for convenience and accessibility. This is reflected in the construction of energy-efficient residential buildings and mixed-use developments. Local special circumstances, such as the cultural preference for homeownership and government policies supporting homeownership, also contribute to the growth of the market. Furthermore, underlying macroeconomic factors, including Finland's strong economy, low interest rates, and population growth, have created a favorable environment for real estate transactions.
Data coverage:
Figures are based on total and average revenue of residential real estate transactions (sales).Modeling approach:
Market size is determined by a bottom-up approach. We use national statistics, international organizations, and industry associations to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country specific industry associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita.Forecasts:
We use a variety of forecasting techniques, depending on the behavior of the market, for instance, exponential trend smoothing. The main drivers are GDP per capita, population, number of renter and owner households, price level index, housing consumer spending per capita.Additional Notes:
Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war considered at a country-specific level.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
