Demand for homes exceeds supply in thecountry that set a record for residential property transactions in 2021.
A Renovated Three-Bedroom in Finland
$3.6 MILLION (3.3 MILLION EUROS)
This three-bedroom home sits on a woodedrise overlooking the Baltic Sea in Kirkkonummi, a municipality in greaterHelsinki, in southern Finland. Located alongside a bay in an area calledLangvik, the six-acre property has 650 feet of beach frontage and a dock.
A hotel restaurant sits across the bay, andthe homeowners like to “take their stand-up paddle-board over the sea to thehotel and get their takeaway food,” said Manna Satuli, an agent with SnellmanSotheby’s International Realty, which has the listing.
一家酒店横跨该海湾，业主们喜欢“冲浪完就回这家酒店吃自带食品，”这套房产的代理公司斯耐尔曼·苏士比国际房地产公司（Snellman Sotheby’s International Realty）的经纪人马拉·萨图利（ Manna Satuli）称。
Built in 1978, the 3,830-square-foot homerecently underwent a complete renovation, incorporating high-end contemporaryfinishes throughout. It has geothermal heating and cooling, and two saunas, onesteam and one wood-burning.
A front courtyard within an L formed by thehouse and an attached two-car garage has a large wooden terrace, decorativerock gardens and a fire pit. The glass front door opens into a ceramic-tiledfoyer with a powder room. Directly ahead is the combined kitchen and diningarea, with a wall of windows facing the water.
For five years in a row, Finland has beenranked the happiest country in the world by the United Nations SustainableDevelopment Solutions Network. Finland is rapidly becoming much more urbanized,as young people increasingly gravitate toward the cities, especially Helsinki,the country’s most densely populated area. More than 70 percent of the Finnishpopulation of roughly 5.5 million people now live in urban areas, according toa recent property market report from KTI, a Finnish real estate researchcompany.
联合国可持续发展解决方案网络（United Nations SustainableDevelopment Solutions Network）连续五年将芬兰评为世界上最幸福的国家。随着年轻人越来越向特别是芬兰人口最稠密的地区赫尔辛基等城市聚集，芬兰的城市化水平正快速提高。根据芬兰房地产研究公司KTI最新地产市场报告，芬兰的大约550万总人口中有70%以上目前居住于城市区域。
“As people graduate from universities inother cities, they tend to go to Helsinki,” said Jani Nieminen, the chiefexecutive of Kojamo, Finland’s largest private residential real estate companyand a major investor in the residential rental market. “Helsinki is the heartof Finland, and most of the new jobs are created there.”
Kojamo是芬兰最大的私有住房公司，同时也是房地产租赁市场主要投资商，其首席执行官贾尼·涅米勒恩（Jani Nieminen）称， “其它城市毕业的大学生会去赫尔辛基。” “赫尔辛基是芬兰的心脏，这里创造了大部分的就业机会。”
He expects an additional half millionpeople will be living in Helsinki and other cities by 2040.
Residential construction in urban areas hasbeen relatively robust in recent years, with some 39,000 dwellings started in2020, and 38,000 in 2019, according to KTI.
Who Buys in Finland
Foreign buyers represent a small share ofthe market in this ethnically homogeneous country. As of 2019, only 7.5 percentof residents did not speak Finnish or Swedish as their first language,according to KTI.
Ms. Satuli said her foreign buyers aretypically from other European countries, especially Austria and France, as wellas the United States.
Over the past few years, the country’sproperty market has become more popular with large international investors whoare looking for new opportunities and “willing to pay more aggressive prices,”Mr. Nieminen said.
Foreign buyers from outside the EuropeanUnion must apply to the Ministry of Defence for permission to buy real estatein Finland. (Permission is not required to buy housing shares.) They mustprovide information about the buyer and the seller, and the intended use of theproperty. The application fee is 150 euros ($166).