Finnish home prices are set for a drop of about 5% to 7% on average this year, said OP Group’s economist Joona Widgren in a new forecast. That entails house values will decline “a little further” before bottoming out, adding that it’s easier to find “risks of a market decline than signs of a recovery.”

OP Group mentioned the number of transactions has plummeted by about 20% since last fall with no immediate signs of improvement in sight. Finnish home prices will remain flat in 2024 before starting to recover in 2025 at the pace of about 2.5% gains, it said, adding that values will rise alongside an up tick in sales volumes.

Source from: bnnbloomberg.ca