According to the September Housing Market Review, old dwellings are selling poorly across the country, but the Lahti region has seen the biggest drop in sales volume.
During the autumn, the volume of transactions in old dwellings has returned to its pre-interest rate level. The Housing Market Review, based on September data, reveals this.
According to a release from the Housing Market Centre, 21.4 per cent fewer old dwellings were sold in the whole country in September than in the same period last year. The steepest drop was in Lahti, where the sales volume fell by 30.2 percent compared to the previous year.
The statistics include all old dwellings in blocks of flats, terraced houses and detached houses. However, plots, garages and holiday homes are not included.
According to the apartment center, due to inflation and the rise in interest rates, interest in smaller and more affordable apartments is growing. However, in the longer term, housing transaction volumes are still 1.8 percent above the average of the previous five years.
The figures are based on the price monitoring service maintained by the Kiinteistövälytysala Keskusliitto, to which the largest real estate agencies submit their transaction data.
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