Aktia's Chief Economist: The development of the rental market for one-room flats in Finnish provinces is unsustainable
The restrictions that followed the coronavirus and the general economic uncertainty have had a strong impact on the economy in 2020. Momentary decline in the housing market has recovered rapidly during the summer and autumn. On the rental market, the strong development has continued for a longer period.
Aktia’s Chief Economist
According to Corin, possible changes in the Finnish housing benefit system might have an impact on this development. Through this system, rental housing is supported by more than € 2 billion each year, and reforms to the housing benefit system may become relevant when rebalancing measures are considered. For property investors, the constant rise in rents offers attractive investment targets, but there is an exceptional risk involved.
Further information and interview requests:
Katja Korsinkin, Communications Manager, tel. +358 50 411 3036, katja.korsinkin@aktia.fi
Aktia is a Finnish asset manager, bank and life insurer that has been creating wealth and wellbeing from one generation to the next for 200 years. We serve our customers in digital channels everywhere and face-to-face in our offices in the
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