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Older apartment prices fall by 5% year-on-year

House prices continued to fall in Finland in February

Vantaa, Helsinki and Oulu registered the sharpest year-on-year drops in house prices, according to preliminary data released by Statistics Finland on Thursday, 28 March. In Vantaa, the prices of old dwellings in housing companies fell by as much as 10.4 per cent from February 2023.

Tuesday's papers: Finland's child-free adults, Finnish colonialism and saying hello

Another large construction company collapses in Finland

Lehto Group on Tuesday revealed that its three key subsidiaries have filed for bankruptcy. The subsidiaries, Lehto Asunnot, Lehto Tilat and Lehto Korjausrakentaminen, accounted for most of the 345 million euros the construction conglomerate reported in revenue in 2022.

Bankruptcies led to 15,000 job losses last year

Statistics: House prices continued to fall in Finland in October

The Finnish government’s decision to scrap the transfer-tax exemption granted to first-time home buyers as of next year is expected to boost property sales in the last two months of the year.

Employment decreased, unemployment increased in Finland in October

Economists on Tuesday warned that the situation will continue to deteriorate due to the economic slump.

September was another busy month for bankruptcies in Finland

Data from Statistics Finland reveal that 310 bankruptcy proceedings were initiated in Finland in September. The number is a 25-year high for the month of September, highlighted the chief economist of Suomen Yrittäjät, Juhana Brotherus.

Finnish building construction firms continue filing for bankruptcy in high numbers

Statistics Finland on Wednesday revealed that bankruptcy proceedings were initiated for 42 building construction companies in August, one of the highest monthly totals in the past two decades.

Bankruptcies soar in Finland due to economic stagnation: statistics