What Investors Should Know about Turku’s Real Estate Market
Turku, a city located in southwestern Finland, is a hidden gem for real estate investors. With a population of over 190,000 people, Turku is the fifth-largest city in Finland and has a thriving economy. In this article, we will explore what investors should know about Turku’s real estate market, including its current state, trends, and investment opportunities.
Current State of Turku’s Real Estate Market
Turku’s real estate market is currently experiencing a steady growth rate. According to the Finnish Real Estate Federation, the average price per square meter for apartments in Turku increased by 4.5% in 2020. The demand for housing in Turku is high, and the city has a low vacancy rate of 2.5%. This means that there is a shortage of available housing, which is driving up prices.
Trends in Turku’s Real Estate Market
One of the most significant trends in Turku’s real estate market is the increasing demand for rental properties. The number of rental apartments in Turku has been steadily increasing over the past few years, and this trend is expected to continue. This is due to the high demand for housing and the fact that many young people are choosing to rent rather than buy.
Another trend in Turku’s real estate market is the growing interest in sustainable and eco-friendly housing. Many new developments in Turku are being built with sustainability in mind, including energy-efficient heating and cooling systems, solar panels, and green roofs. This trend is expected to continue as more people become aware of the importance of sustainability and environmental responsibility.
Investment Opportunities in Turku’s Real Estate Market
There are several investment opportunities in Turku’s real estate market. One of the most promising areas is the rental market. With the high demand for rental properties, investors can expect to see a good return on their investment. Additionally, the growing interest in sustainable housing presents an opportunity for investors to invest in eco-friendly developments.
Another investment opportunity in Turku’s real estate market is the commercial property market. Turku has a thriving economy, and there is a high demand for commercial properties, including office space, retail space, and industrial properties. Investors can expect to see a good return on their investment in this area.
FAQs
Q: What is the average price per square meter for apartments in Turku?
A: According to the Finnish Real Estate Federation, the average price per square meter for apartments in Turku increased by 4.5% in 2020.
Q: What are the trends in Turku’s real estate market?
A: The two significant trends in Turku’s real estate market are the increasing demand for rental properties and the growing interest in sustainable and eco-friendly housing.
Q: What investment opportunities are available in Turku’s real estate market?
A: The rental market and the commercial property market are two promising investment opportunities in Turku’s real estate market.
Conclusion
Turku’s real estate market is a promising area for investors. With a steady growth rate, high demand for housing, and a thriving economy, Turku presents several investment opportunities. The increasing demand for rental properties and the growing interest in sustainable housing are two significant trends in Turku’s real estate market. Investors can expect to see a good return on their investment in the rental market and the commercial property market.
