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Where are the best places to invest in Finland right now? Is Helsinki still the top pick, or are cities like Tampere, Turku, and Oulu gaining ground? What makes these locations attractive to both local and foreign investors?
We’re often asked these questions because we work directly with notaries, real estate agents, and clients who invest across the country. Our firsthand experience in these markets gives us unique insights into where the real opportunities lie. To save everyone from asking privately, we’ve written this article to share our knowledge broadly.
Our goal is to highlight the hottest markets in Finland and explain why they’re worth your attention in 2025.
If you have suggestions or want us to dive deeper into a specific area, let us know. You shoot an email, we answer within 24 hours.
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1) Espoo's Tapiola is drawing interest for its modern developments and strong appreciation potential
Tapiola in Espoo is turning heads with its modern urban developments and strong appreciation potential.
In recent years, property prices in Tapiola have been on the rise. For instance, in 2023 and 2024, the median apartment price hit €3,228 per square meter. This is a clear sign of the area's potential for property value growth, especially when you compare it to other parts of Espoo.
What's driving this interest? Well, there's been a lot of investment in infrastructure and public transport. Tapiola has transformed into a modern urban hub with better traffic connections, thanks to the West Metro and City Railway lines. This has not only attracted service sector companies but also created more job opportunities, making it a hot spot for both living and working.
Residential construction in Tapiola is booming. In 2023 alone, over 5,000 new dwellings were completed, almost matching the previous year's record. This includes exciting new projects like the City Railway expansion and the Lasihytti area's development into a vibrant urban space. The demand for housing is high, as shown by the low vacancy rates, which highlight the area's appeal to residents and potential buyers.
With all these developments, Tapiola is becoming a sought-after location. The combination of rising property prices, improved infrastructure, and a bustling job market makes it an attractive option for anyone looking to invest in property. The area's transformation into a modern urban center is a testament to its growing popularity and potential.
Sources: Properstar, Espoo City Planning, Helsinki Times
One of our partners sent us this video where Tapiola's modern urban developments and appreciation potential are evident, attracting attention. [4][10]
2) Oulu is booming with rising property values due to its growing tech industry and housing demand
Oulu's property values are skyrocketing, thanks to its booming tech industry.
In recent years, Oulu has transformed into a major tech hub in Europe, with over 1,000 ICT companies and a workforce of 25,000 high-tech jobs. This tech boom is drawing people to the city, creating a surge in housing demand. The presence of big players like Nokia and MediaTek has solidified Oulu's reputation as a tech magnet, attracting professionals from all over.
This influx of talent is not just boosting employment rates in the tech sector but also energizing the local economy. As more people flock to Oulu for these job opportunities, the need for housing continues to rise. Local real estate agents are noticing a spike in interest for apartments, although some potential buyers are concerned about affordability.
The median price for an apartment in Oulu has climbed to €3,889 per square meter, a clear sign of the rising property values. The city is also witnessing a start-up boom, with over 500 new start-ups launched in the past three years, adding to the vibrant tech scene. This entrepreneurial spirit is further fueling the demand for housing as more professionals seek to settle in the area.
Oulu's tech-driven growth is reshaping the real estate landscape, making it an exciting yet challenging market for potential buyers. The city's dynamic environment, bolstered by its tech industry, is a key factor in the increasing property values. As Oulu continues to attract tech talent and start-ups, the housing market is expected to remain competitive.
Sources: Oulu ICT, SKVL Housing Market Forecast, Properstar
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Finland versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
3) Rovaniemi is attracting interest for its tourism-driven rentals and unique Arctic charm
Rovaniemi is quickly becoming a real estate hot spot thanks to its booming tourism.
In 2023, the city recorded 1.2 million overnight stays, a 30% jump from the previous year. This surge in visitors is not just a passing trend; it's expected to grow even more. With such a high influx of tourists, the demand for short-term rental properties is naturally on the rise. Imagine owning a property where the median occupancy rate is 68%, meaning your place is booked most of the year. The average daily rate is around €151, making it a lucrative opportunity for property owners.
Rovaniemi's charm isn't just about numbers. It's the winter wonderland vibe that draws people in. Known for its festive atmosphere, snow activities, and the mesmerizing Northern Lights, the city offers a unique Arctic experience. This has been highlighted by media coverage, turning Rovaniemi into a trending destination for winter fun and cultural experiences.
More people are catching on to this trend, as seen by the increase in active Airbnb listings. This shows a growing interest in renting out properties to tourists, capitalizing on the city's popularity. The Northern Lights alone are a spectacle that many travelers have on their bucket list, and Rovaniemi offers one of the best views.
For those considering investing in property here, the numbers speak for themselves. The combination of high occupancy rates and a steady stream of tourists makes it an attractive market. Plus, the city's unique appeal ensures that it remains a sought-after destination.
Rovaniemi's real estate market is not just about the present; it's about future potential. With tourism expected to keep growing, investing now could mean reaping the benefits for years to come.
Sources: Travel and Tour World, Airbtics, Travel and Tour World
4) Vaasa is gaining attention for its vibrant energy sector and stable rental market
Vaasa is buzzing with real estate interest, thanks to its booming energy sector.
The city’s energy companies have seen a remarkable surge, with turnover hitting 6 billion euros over the past few years. This 20% growth in just four years showcases Vaasa's economic strength, which often translates into rising property values. The energy cluster here is thriving, with 20 new companies joining the scene, making it a hub for energy-related businesses. This influx of companies means more professionals are moving to Vaasa, driving up demand for housing.
Vaasa's rental market is another strong point, with low vacancy rates that are typical in such vibrant economic settings. This stability indicates a high demand for rental properties, which bolsters the real estate market. The local government is also on board, planning infrastructure improvements to support the energy sector, making Vaasa even more appealing for property investors.
For those considering buying property, Vaasa offers a unique opportunity. The combination of a thriving energy sector and a stable rental market creates a promising environment for real estate investment. With the local government's commitment to enhancing infrastructure, the city is poised for continued growth.
Investors are taking note of Vaasa's potential, drawn by the city's economic vitality and the opportunities it presents. The energy sector's expansion and the stable rental market are key factors driving this interest. As more professionals move to the area, the demand for housing is expected to rise, making now a great time to consider investing in Vaasa's real estate market.
With its vibrant energy sector and stable rental market, Vaasa is becoming a hotspot for real estate investment. The city's economic growth and infrastructure plans make it an attractive option for those looking to invest in property. As the energy sector continues to thrive, the demand for housing is likely to increase, offering promising opportunities for investors.
Sources: EnergyVaasa Growth, LIHTC Vacancy Rates, General Economic Trends
5) Seinäjoki is gaining interest for its growing population and affordable housing options
Seinäjoki is quickly becoming a hot spot for real estate in Finland.
One of the main reasons is its growing population. In 2022, the city had about 52,998 residents, a noticeable jump from previous years. This increase means more people are looking for homes, which boosts the demand for housing and makes Seinäjoki an attractive place for real estate investment.
Another big draw is the affordability of housing in Seinäjoki. Compared to other Finnish cities, property prices here are lower, making it a great option for both residents and investors who want to save money. This mix of affordability and growth makes Seinäjoki a smart choice for anyone thinking about buying property.
Seinäjoki is also experiencing a surge in new housing developments. Projects like the Jeriko Quarter and Patruunankortteli Block are adding many new homes to the city. These developments not only increase housing options but also improve the city's infrastructure, making it even more appealing to potential buyers and investors.
For those interested in the local vibe, Seinäjoki offers a unique blend of urban and rural living. The city is known for its vibrant cultural scene, including the famous Tangomarkkinat festival, which attracts visitors from all over Finland. This lively atmosphere, combined with the city's growth, makes it a compelling place to live and invest.
Seinäjoki's strategic location is another plus. It's well-connected by rail and road, making it easy to travel to other parts of Finland. This accessibility adds to the city's appeal, especially for those who need to commute for work or enjoy exploring the country.
Sources: City Population, Into Seinäjoki, Expat Finland
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6) Lahti is gaining attention for its affordable prices and improving infrastructure
Lahti is turning heads in the real estate world with its affordable property prices.
Compared to bustling cities like Helsinki, Lahti's city center offers a much lower price-to-rent ratio, making it a sweet spot for buyers and investors. This affordability is a big draw for those looking to get more bang for their buck.
But it's not just about the prices. Lahti is pouring resources into its infrastructure, which is a game-changer for the real estate market. With better public transportation and improved connectivity, the city is becoming more accessible and appealing to both residents and businesses.
The buzz around Lahti is growing, thanks to media coverage that highlights its potential as an emerging real estate market. This kind of attention can be a magnet for buyers and investors, further enhancing the city's real estate allure.
Locals know that Lahti's strategic location between major cities adds to its charm, offering a quieter lifestyle without sacrificing convenience. This makes it an attractive option for those who want the best of both worlds.
As Lahti continues to evolve, its blend of affordability and improved infrastructure positions it as a promising spot for real estate opportunities.
Sources: SKVL Housing Market Forecast 2024, Numbeo Property Prices in Lahti, Real Estate Trends and Forecasts 2024
7) Turku’s Kupittaa area is booming as a business hub with great transport links
Kupittaa in Turku is buzzing with real estate interest thanks to its rise as a business hub and top-notch transport links.
The Kupittaa tip partnership project is a major force behind this transformation, aiming to create a lively city vibe with a mix of homes, services, education, and businesses. This initiative is part of a larger plan to draw in both companies and residents, making Kupittaa a desirable spot to live and work.
Public transport is also getting a boost with the Kupittaa-Turku Railway project. By enhancing passenger and freight yards and adding a double track between Kupittaa and Turku railway station, the area is now more connected than ever, supporting its growth as a business hub.
Media outlets are catching on, spotlighting Kupittaa as a future vision for the Science Park. This buzz is enhancing its reputation as a prime business location. The development of amenities and services through the Kupittaa tip partnership project is also a draw, offering a variety of activities and conveniences for everyone.
Locals and newcomers alike are finding Kupittaa's blend of urban living and business opportunities irresistible. The area is not just about work; it's about creating a community where people can thrive. With its strategic location and ongoing developments, Kupittaa is set to become a key player in Turku's real estate scene.
As Kupittaa continues to evolve, it's clear that the combination of business growth and improved transport is a winning formula. The area's transformation is a testament to the power of strategic planning and investment in infrastructure.
Sources: Teknologiakiinteistöt, Väylä
8) Lappeenranta is gaining interest for its strategic location near Russia and growing cross-border trade
Lappeenranta's location near the Russian border is a magnet for real estate investors.
Back in 2013, the city welcomed 1.8 million Russian tourists, who spent a hefty €300 million, turning Lappeenranta into a lively hub for cross-border trade and tourism. This influx of visitors has sparked a boom in property transactions and business growth.
For example, duty-free purchases by Russian tourists jumped by 44% in early 2017. This surge has led to the development of new infrastructure projects, such as shopping malls and hotels, making the city even more appealing to investors.
The Finnish government is also playing a role by actively promoting trade and investment in border regions like Lappeenranta. With initiatives like the Go Saimaa information portal, which has a budget of €3.3 million, the aim is to attract more Russian tourists and boost the local economy.
This government support, along with the rising demand for rental properties, positions Lappeenranta as a prime spot for real estate investment. Investors are drawn to the city's potential for growth and the opportunities presented by its strategic location.
As Lappeenranta continues to develop, the combination of increased tourism and government initiatives is creating a vibrant environment for real estate investors. The city's proximity to Russia and its growing infrastructure make it a compelling choice for those looking to invest in property.
Sources: Source 3
We have made this infographic to give you a quick and clear snapshot of the property market in Finland. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
9) Porvoo's old town is in demand for its historical charm and limited housing supply
Porvoo's old town is a hot spot for property buyers because of its irresistible historical charm.
Imagine strolling through one of Finland's most photographed landscapes, where every corner tells a story. This unique appeal draws in both locals and international visitors, making it a place where history and beauty meet.
But here's the catch: finding a home here is like finding a needle in a haystack. The limited housing supply means that buyers are in fierce competition for any available property. When a house does hit the market, it's often snapped up in no time.
Even though the Finnish housing market is generally slowing down, Porvoo's old town is holding its ground. Property prices have stayed stable, especially for family homes and modern detached houses that are in good condition. This stability is a testament to the area's enduring appeal.
For those eyeing a piece of this charming town, it's not just about buying a home; it's about investing in a lifestyle. The scarcity of new properties means that each home is a rare gem, adding to the allure and exclusivity of living here.
So, if you're considering a move to Porvoo's old town, be prepared to act fast. The combination of historical charm and limited housing makes it a coveted market for those in the know.
Sources: SKVL Housing Market Forecast 2024, Visit Porvoo
10) Tampere’s Hervanta is thriving with high rental yields and university proximity, attracting students and investors
Hervanta in Tampere is buzzing with activity, and it's not hard to see why.
One big draw is the high rental yields that make it a hotspot for property investors. While we don't have exact numbers for Hervanta, the general rental yield in Tampere is about 4.07%. Given Hervanta's strategic location, it's likely that its yields are quite competitive.
Another reason Hervanta is thriving is its proximity to Tampere University. This makes it a top choice for students who want to be close to their classes. With around 3,500 new students enrolling in bachelor's or master's programs each year, the demand for student housing is on the rise, pushing up both rental yields and property prices.
The local government is also playing a part by boosting infrastructure. They've improved public transport links between Hervanta and central Tampere, making the area more accessible and livable. This has caught the eye of both students and investors.
Hervanta's appeal isn't just about numbers; it's about lifestyle. The neighborhood offers a vibrant mix of amenities, from cafes to parks, making it a lively place to live. This blend of convenience and community is a big plus for anyone looking to invest or settle down.
For those considering a move or investment, Hervanta offers a unique blend of educational opportunities and investment potential. It's a place where the numbers and the lifestyle both add up.
Sources: Global Property Guide, Tampere University Key Information
11) Jyväskylä’s Lutakko district is thriving with waterfront projects and growing appeal to young professionals
Jyväskylä's Lutakko district is buzzing thanks to its exciting waterfront developments.
The transformation of Lutakko harbour into a floating harbour, complete with sauna ferries and restaurant ships, has made waterfront properties highly sought after. This unique setup not only grabs attention but also adds a special charm, making it a desirable place to live.
Young professionals are flocking to the area, drawn by the vibrant atmosphere and modern amenities. While exact numbers aren't available, the growth of tech and creative industries in Jyväskylä suggests a significant influx. This demographic shift is likely boosting Lutakko's popularity, as these individuals often seek lively, well-connected neighborhoods.
Investments in Lutakko’s infrastructure, like the planned harbour improvements, show a strong commitment to enhancing the district's appeal. These projects, backed by government or municipal plans, are designed to promote urban growth and attract young talent. The University of Jyväskylä also plays a part in drawing young professionals to the area.
With its unique waterfront and vibrant community, Lutakko is becoming a hotspot for those looking to enjoy a modern lifestyle. The district's appeal is further enhanced by its proximity to educational institutions and the promise of continued development.
Sources: Bluet Floating Solutions, Economic Forecast Finland
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility. Finally, please note that we are not affiliated to any of the sources provided. Our analysis remains then 100% impartial.
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