Finland to see biggest drop in housing prices in 30 yrs: report
The Star Online - News·2023-05-27 08:03
HELSINKI, May 26 (Xinhua) -- Housing prices in Finland are expected to have the biggest drop this year since 1993, according to a housing market review conducted by Hypo, a Finnish credit institution specializing in this sector.
High interest rates, a big supply of new apartments, and a decline in demand caused by economic uncertainty have all contributed to the downward trend, Hypo said in a press release on Friday, adding that a similar trend was last observed 30 years ago.
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