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Home BUSINESS55% people aged 20 to 29 live in rented houses
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Thu, 15 Oct, 2015 12:07:10 AM
FTimes Report, Oct 15
 
Share of persons living independently in an owner-occupied dwelling in the age group by age and by area in 2005 and 2014, %. Source: Dwellings and Housing Conditions, Statistics Finland.
Fifty five per cent of all persons aged 20 to 29, or 363,000, were living independently in rented dwellings in 2014, according to Statistics Finland.
 
The share of those living in rented dwellings among persons aged 20 to 29 increased by four percentage points between 2005 and 2014.
 
The share of owner-occupiers has fallen slightly over the same period. Seventeen per cent of the age group was living with their parents.
 
Among all persons aged 20 to 29, a total of 83 per cent or 550,000 persons were living independently.
 
In Greater Helsinki, 65 per cent of those aged 20 to 29 were living independently in a rented dwelling in 2014.
 
The share of those living in rented dwellings grew by four percentage points in the period of 2005 to 2014 and the share of those living in owner-occupied dwellings fell by four percentage points. The fall in the share of those living in owner-occupied dwellings in Greater Helsinki is explained, besides rental dwelling becoming more common, by a larger share of persons aged 20 to 29 than before living with their parents as per the statistics.
 
In Greater Helsinki, 15 per cent of the age group was living with their parents in 2014. The share has increased by two percentage points from 2005.
 
Outside Greater Helsinki, 18 per cent of persons aged 20 to 29 were living with their parents in 2014. The share has fallen by four percentage points from 2005, but still higher than in Greater Helsinki.
 
In 2014, nearly one-third of all household-dwelling units were living in rented dwellings. A total of 1,340,000 persons belong to renting household-dwelling units.
 
Among occupied rented dwellings, 335,000 (41%) were interest-subsidised rented dwellings and 584,000 persons lived there.
 
A total of 1,699,000 household-dwelling units were living in dwellings or houses owned by them, including a total of 3,827,000 persons.
 
These statistics describe persons belonging to the household-dwelling population. Those living in institutions, homeless people and those living abroad or in dormitories do not belong to the household-dwelling population.
 
The household-dwelling population included 20,035 first-time buyers of dwellings in housing companies in 2014. The number of first-time homebuyers decreased by around 700 from 2013, the data show.
 
The average age of a first-time homebuyer was 28.2 in 2014, having been 27.7 in 2006.  No information is available on first-time homebuyers before 2006, according to Statistics Finland.
 
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