After a slow year for home loans, there are finally signs of life in the Finnish housing market. According to OP Keski-Suomi, asuntolaina (mortgage) demand increased by 20% in the last months of 2024, marking a turnaround from what had been a quiet year for real estate. So, is Finland’s housing market finally rebounding? Let’s take a look. 👀

What’s Driving the Change?

🏡 Lower Interest Rates: The sharp rise in mortgage interest rates over the past two years has finally started to ease. This makes home loans slightly more affordable, encouraging buyers to return.

📈 Stabilizing Prices: Property values in Finland have largely stopped declining, making buyers more confident about investing in real estate again.

💰 More Loan Applications: OP Keski-Suomi reported €170 million in new mortgages last year—still 4% lower than 2023, but demand clearly picked up towards the end of the year.

A Boost for Kerrostalo Apartments

While single-family home sales have struggled (-16%), there’s been a clear rise in apartment sales (+7.8%). In Jyväskylä and surrounding areas, apartment sales jumped 23% in early 2025. This trend suggests that buyers are leaning toward more affordable, urban living options instead of detached homes.

What’s Next for Finland’s Housing Market?

🏠 A steady recovery? Experts predict a slow but gradual improvement in housing sales throughout 2025. 💸 Lower loan costs? If interest rates continue to decrease, mortgage affordability will improve. 📊 More stability in pricing? A healthier housing market may reduce uncertainty for buyers and sellers.

The Loop Take: Should You Buy Now?

While the housing market is still in recovery mode, falling interest rates and stabilizing prices make it a good time to consider buying—especially if you’re looking at apartments. However, detached home buyers might want to wait a bit longer for more favorable conditions.

💬 Are you planning to buy a home soon, or are you waiting for better deals?