Finland Times

Wednesday, 12 December, 2018
Home BUSINESSNo impact of house rent fall on small apartments
Print
Tue, 29 Dec, 2015 12:03:42 AM
FTimes – STT Report, Dec 29
 
Prospective buyer visiting an apartment. File Photo – Lehtikuva.
The decline in residential rent prices does not extend to studio or small two-room apartments, said rental property agency Vuokraturva CEO Timo Metsola. 
 
According to Metsola, above all there is a big lack of studio apartments.
 
In Helsinki alone, there are 150,000 single tenants, but there are only 65,000 single-room apart-ments. Those living alone tend to repay exorbitantly for the loans or rents.
 
“It is so expensive that people compete for who can get into a studio,” said Metsola.
 
Shortage of rental apartments subsidized by the state or the municipality is also a suffering in the housing sector.
 
“When we go through economic difficulties, there are certain group [of people] whose housing situation is wholly dependent upon society,” said Metsola.
 
comments powered by Disqus
More News

 
   
Copyright © 2018 All rights reserved
Developed By -