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Monday, 03 October, 2022
Home BUSINESSNo impact of house rent fall on small apartments
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.
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