Rents are to increase by an average of 12 percent between now and 2016, while the cost of owning a home will rise by around 10 percent over the same period.
The research, which was undertaken by Pellervo Economic Research, looked at household finances in Finland’s 15 biggest municipalities. Maintenance costs associated with ownership were included in the calculations.
Capital region housing to get even dearer
Families living in Helsinki and Espoo pay an average rent of 1,200 euros for a 90m2 apartment, whereas those in Kouvola or Pori shell out a monthly rent of around 800 euros.
The difference in the cost of renting one-room studio apartments is even bigger. In Helsinki, a 30m2 studio will cost around 600 euros per month, while rent for a similar apartment in Lahti or Hämeenlinna would come to between 350 and 400 euros.
Owning property in the capital city region costs up to twice as much as it would in the centre of municipalities elsewhere. The average cost of owning an apartment in the Helsinki region is 2,000 euros per month, while a similar dwelling in Pori, Oulu or Kouvola is around 1,000 euros.
A 90m2 row house in Helsinki or Espoo will cost around 1,700 euros a month to own, whereas in other towns the figures is roughly 900 euros. A 120m2 apartment with electricity, as opposed to district heating, will cost around 1,800 euros to own. In Kouvola and Pori a similar property will make a 900 euro dent in the monthly budget.
Latest in: News
Former PM: SDP like the Centre of the 70s
Former Centre Party chairman and Prime Minister during the early 90s, Esko Aho, says he sees parallels between the position of the Social Democratic Party today and that of Centre of the 1970s when his party faced the impact of economic change.
Two collisions in Pirkanmaa injure eight, five seriously
Two separate, but nearly identical head-on collisions in Pirkanmaa on Saturday injured eighth people, five of them seriously.
Fake cops steal from tourists
Three men, two posing as policemen, on Friday scammed a group of Brazilian tourists in Helsinki out of several thousand euros.
Pussy Riot members cancel appearances, whereabouts unknown
Weekend performances in Helsinki by two members of the Russian political performance group Pussy Riot, as well as scheduled interviews, were cancelled on Saturday. According to a web posting on the group's site late in the day, the two had no intention of performing in Helsinki. Organizers say otherwise.
STX Turku begins building TUI cruise liner
STX Turku had something to celebrate for a change, as the construction of a cruise liner for the German shipping company TUI kicked off at the shipyard.
Greens gather for party convention
This weekend, the Green League is holding its party convention in Helsinki and Espoo. Ville Niinistö will continue at the helm of the party.
More younger people, women and foreigners caught drink-driving
A new study shows an overall decline in driving under the influence -- and a change in the profile of those involved.
Pre Helsinki aims to uncover up-and-coming Finnish fashion designers
A new fashion event launched in the Finnish capital, Pre Helsinki, is aimed at raising the international profile of young home-grown designers.
Animal rights activists cleared of pig-farm video charges
Nearly all charges have been dropped against animal rights activists who secretly filmed cases of neglect at pork farms.
More Finnish kids opt to study English than native languages
English remains by far the most-studied foreign language in Finnish comprehensive schools.