by Phil Sexton
Check Out Finland Real Estate
Finland real estate has seen one of the most stellar performances as far as housing market is concerned in Europe. Even among the international real estate market, Finland is looking at one of the best performances in the real estate market since the slump in Europe and the rest of the world.
The real estate in Finland is great for the buyers, since it is quite a simple procedure for buying in Finland. The costs for buying real estate in Finland are really low as compared to other countries in Europe. Helsinki is a major city as well as being the capital of the country. Even though Finland is known as the land of the Midnight Sun, Santa Claus and Reindeers, it is one of the most advanced and industrialized countries in the world especially in the field of telecommunications. It is also ranked as among the first 20 countries in the Human Development Index of United nations. In 2006, it was ranked as 11th most livable country in the world.
This year the Finnish real estate especially has seen double digit figure growth at 11.2% in 2010 first quarter as compared with 2009 first quarter. This has been the best performance for the real estate in Finland in over a decade. The prices have even risen higher in Helsinki by more than 15% this year from the previous year. For the older dwellings and block of flats the average price for the Finland real estate for sale is 2071 Euros per square meter. While in the area known as greater Helsinki, the rise is spectacular and the average price for these dwellings is 2169 Euros.
Not only have the prices for the older dwelling and blocks of flats increased, the price rise for the newer block of flats has also increased appreciably. The price increase is not as high as the older dwellings. But depending on the Finland real estate location, the pieces for the new dwellings has increased anywhere from 8.5% to 14.7% since the previous year. Even though the international real estate for sale for really down in 2008 and 2009, real estate in Finland started to show recovery in the last year itself.
The recovery of the real estate in Finland was due to the way that the government handled the economic crisis and economic recession. Partly the economy has been helped by the strong exports that Finland has done over the past year. For those that are looking at international rentals, Finland isn’t really the place to invest since it has an extremely high income tax on rents. The rental yields are also quite low all over the country and especially in Helsinki. The average rental yield for the country is 4.42%. Since the buying and transaction costs are extremely low, international investors look forward to the properties here. The costs vary from 8.6% to 9.8%. Also the property can be transferred in really a short time of 14 days.
International Real Estate Listings is the worldwide leader in Finland real estate for sale, Finland real estate exchanges, and Finland rentals. Finland real estate owners, agents, and developers are encouraged to create an account, upload an unlimited number of listings, write as much creative property details, include a You Tube property video, and it will be activated as a basic listing for 6 months, free.