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Real Estate in Finland | Expat Exchange
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Real Estate in Finland

By Betsy Burlingame

Last updated on Oct 10, 2023

Summary: An expat looking to buy a home in Finland should begin by researching the different areas of the country and deciding which one best suits their needs. They should then contact a real estate agent who specializes in helping expats find homes in Finland. The agent can provide information on the different types of homes available, as well as the amenities they typically include. Homes in Finland typically include modern amenities such as central heating, air conditioning, and high-speed internet. Many homes also have a sauna, which is a popular feature in Finland. Foreigners are allowed to purchase property in Finland, but there are some restrictions. Non-EU citizens must obtain a residence permit before they can purchase a property. EU citizens are allowed to purchase property without a residence permit, but they must register with the local tax office.

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How do I find a place to live in Finland?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"I moved in with my partner so that was fairly simple. He's lived here most of his life," said one expat who made the move to Helsinki.

"One of the best ways to find a place to live in Finland is to use online rental platforms such as Vuokraovi.com or Tori.fi. You can also search for rental properties on the websites of local newspapers, such as Helsingin Sanomat or Aamulehti. Additionally, you can contact local real estate agents who specialize in rental properties. Finally, you can also look for rental properties on social media platforms such as Facebook or Instagram," explained one foreigner living in Finland.

What is a typical expat home or apartment like in Finland?

"Expat homes and apartments in Finland tend to be modern and comfortable, with plenty of natural light and a neutral colour palette. Many apartments come with a balcony or terrace, and some even have access to a sauna. Expats can expect to find all the necessary amenities, such as a washing machine, dishwasher, and a fully-equipped kitchen. Most apartments also come with a parking space, and some even have access to a gym or swimming pool. Expats can also expect to find plenty of storage space, as well as a good selection of furniture and appliances," said one expat in Finland.

"Tower block in the suburbs but not nearly as grim as I imagined. It's clean, modern and there's even a washer and sauna room. Might be because it's subsidised young people's housing. All the other ex pats I know have had to take jobs as nannies/au pairs so they live with their employers," remarked one member in Helsinki.

What is the average cost of housing in Finland?

If you are thinking about moving to Finland, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Finland is generally quite high, with prices varying depending on the location and type of property. Generally, the cost of renting a one-bedroom apartment in a city centre can range from around €800 to €1,500 per month, while the cost of buying a property can range from €2,000 to €4,000 per square metre," remarked one foreigner who made the move to Finland.

"Lower rent but as I said it's subsidised. When we leave here it will be much the same as in the UK. They have a genius system that recycles hot water from power stations which helps stop the energy bills getting ridiculous," explained one person living in Helsinki, Finland.

Should I buy or rent a home in Finland?

If you have not spent a lot of time in Finland, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"Buying a home in Finland is a great investment, as the country has a strong economy and real estate market. However, it is important to consider your individual needs and financial situation before making a decision. Renting a home in Finland can be a great option if you are looking for a more flexible living situation or if you are not ready to commit to a long-term purchase. Additionally, renting can be a great way to get to know the area before deciding to buy. Ultimately, the decision to buy or rent a home in Finland should be based on your individual needs and financial situation," said one person in Finland.

What do I need to know when buying property in Finland?

When we asked expats what advice they would give a foreigner before buying a property in Finland, they said:

"1. It is important to research the local market and familiarize yourself with the different types of property available in Finland. 2. It is important to understand the legal requirements for purchasing property in Finland, including the need for a valid residence permit. 3. It is important to obtain a professional survey of the property before purchase, to ensure that it is in good condition and free from any potential problems. 4. It is important to understand the taxation implications of purchasing property in Finland, including any applicable capital gains taxes. 5. It is important to be aware of any restrictions on foreign ownership of property in Finland, as well as any restrictions on renting out the property. 6. It is important to be aware of the costs associated with purchasing property in Finland, including legal fees, taxes, and other associated costs. 7. It is important to be aware of the different financing options available for purchasing property in Finland, including mortgages and other loan products," explained one person living in Finland.

Are foreigners allowed to own property in Finland?

When we asked expats what advice they would give a foreigner before buying a property in Finland, they said...

"Yes, foreigners are allowed to own property in Finland. Non-EU citizens must obtain a residence permit in order to purchase property in Finland, while EU citizens are allowed to purchase property without a residence permit. However, non-EU citizens must have a valid residence permit in order to own property in Finland for more than three years. Additionally, non-EU citizens must have a valid residence permit in order to own agricultural land in Finland," said one person in Finland.

What appliances are typically included in a rental?

We asked foreigners in Finland what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:

"Rental properties in Finland typically include a refrigerator, stove, oven, dishwasher, washing machine, and dryer. Some properties may also include a microwave, toaster, and other small kitchen appliances. Furniture may also be included, depending on the property," explained one expat in Finland.

Additional Information about Searching for a Home in Finland:

We asked foreigners in Finland what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...

"Expats can search for homes in Finland by looking at online listings, such as those on real estate websites, or by contacting a local real estate agent. They can also search for rental properties on websites such as Airbnb or by asking friends and family for recommendations. Additionally, expats can look for housing options in newspapers or magazines, or attend open house events to get a better feel for the area," explained one person living in Finland.

About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

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