Finland rents up nearly 4 per cent

finland-coat-of-armsRental rates for flats in Finland have risen significantly in recent years, new data has shown. According to the latest figures from Statistics Finland, flats throughout the country saw a year-on-year increase of 3.7 per cent in 2012. In the capital, the average cost of rent was about EUR 15 per month for each square meter last year – a rise of almost 5 per cent – whilst housing outside of Helsinki cost about EUR per month on average.

Rates also grew in Turku and Tampere over the 12-month period, by 3.2 per cent and 2.6 per cent, respectively.

Meanwhile, single-family house prices in Helsinki saw a substantial increase of 12 per cent in the last quarter of the year and a rise of 2.4 per cent for the whole of 2012, although elsewhere in Finland prices saw a minute decline of 0.2 per cent. The average single-family home in the capital cost around EUR 3,158 per square meter over the course of the year, whilst in other places the average was EUR 1,545 per square meter.