Friday, January 23, 2026

Housing market crisis in Finland

Housing prices have been going down and not many new houses are built. I wrote a blog post 2,5 years ago if it would make sense for me to buy a home instead of renting. The conclusion was that it didn't make sense financially and now after housing prices have gone down, the decision to not buy has been a good one. Today I checked that the same size apartment in the same address is available for 250k so the price has lowered 50k. Now monthly down payments for a 250k mortgage of 30 years with 2,8 interest rate would be 1 032 EUR. Adding the monthly maintaining costs it would mean paying every month 1 268 EUR. That is slightly above my rent so buying would make more sense now. People are wondering will the prices of homes keep on going lower, better. Or if you believe the prices will start going up, it's a good time to buy now.