Buying real estate in Finland
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is the seventh largest country in Europe, covering 338,145 square
kilometres and is the second most northerly country
in the world. It has long land frontiers with Sweden, Norway
and Russia. The climate is marked by cold winters and warm summers
in winter are moderated by the influence of the Baltic Sea and
west winds from the Atlantic warmed by the Gulf Stream. The mean
temperature in the capital, Helsinki, is 5.3 degrees Celsius.
The highest daytime temperature in southern Finland during the
rises close to 30 Celsius. During the winter months, particularly
in January and February, temperatures of minus 20 Celsius are not
Real Estate Prices in Finland
Varies, for example:
Locations to buy real estate in Finland
The most popular locations in Finland are the major cities, the capital Helsinki, with a population of 551,000, Tampere and Turku. The Helsinki Metropolitan Area (HMA) in particular is becoming increasingly popular, with property prices increasing due to the strengthening growing trade markets with the Soviet Union. Lapland situated in the northern half of the country is also a popular place due to its extensive beautiful evergreen forests and for being renowned as the home of Santa Clause, with many foreign visitors staying each year.
Living Costs in Finland
The cost of living in Finland on average is comparable to the rest of Europe. Basic necessities such as standard grocery foods are not expensive and property is also priced averagely compared with the rest of Europe. However, luxury imported items such, as cars can be expensive due to taxation.
Buying Real Estate in Finland
solicitor/lawyer will correspond with the Real Estate Agent in negotiation
of the purchase price before the buyer and seller sign the final document
contracts. The solicitor/lawyer will notarise them on your behalf and
issue the official owner document.
is advisable to use a solicitor/lawyer to check through the sale agreement
in Finland when buying real estate, run checks with the local council
read survey reports and sign for completion of contracts.
tax must be paid, at the latest, when applying for registration of
the deed and title to the acquired real estate. The transfer tax rate
is 4%. If the registration has not been applied for, or such an application
is unnecessary, the tax must be paid within six months of concluding
the transfer contract.
Finland, there is a separate municipal tax on real estate. The tax
is payable by those who own the taxable property at the beginning of
the calendar year, even if they are non-resident investors. The tax
rate is based on the taxable value of each individual estate. The general
rate may vary between 0.3% and 1.0%. For permanent residences, the
tax rate may vary between 0.15% - 0.50%. Municipalities decide annually,
within agreed limits, what percentage will be used in their particular
providers in Finland grant mortgage loans up to 75% of the value of
the property, usually with fixed rate option periods for repayment.
Payment terms are pretty flexible, the average being around 20 years. Click
here to arrange a mortgage in Finland.
For more information on Finland Property and to arrange your viewing visit: