Price per square meter in old Helsinki apartments has fallen to the level of new developments in Tallinn

Finland's real estate market has been under pressure since 2022, with new developments particularly hard hit by falling prices. According to Mika Sucksdorff, a board member of the real estate agency Uusi Maa, the situation in Helsinki is difficult-the price per square meter of old apartments has fallen to a level matching new developments in Tallinn.

The Finnish and Estonian real estate markets are moving at different rhythms. While sales figures in Estonia have remained modest in recent years, the situation in Finland is more challenging.

Downward pressure on the Helsinki market

Mika Sucksdorff, a board member of the real estate agency Uusi Maa, explains that the Helsinki real estate market has been under downward pressure since 2022. The price decline affects the entire market, but is particularly pronounced in the new development segment.

One of the most striking indicators is that the price per square meter of old apartments in Helsinki has fallen to a level matching new developments in Tallinn-a result that clearly demonstrates how sharply prices in Finland's capital have declined.

What this means for buyers

The decline creates opportunities for those considering entry into the Finnish market. At the same time, it reflects broader economic pressure; elevated interest rates over recent years have cooled real estate markets across Europe, and Finland has not escaped this trend.