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Tide turns on holiday home boom

Finnish cottage sales are slightly down, according to realtors.

Koivujen kehystämä järvimaisema.
Sales of waterfront cottages and plots increased during the pandemic, when cottage prices rose after a long period of decline. Image: Anna-Mari Vuollet / Yle
Yle News

The pandemic-fuelled holiday home boom may not have reversed, but sales data reported by real estate agents in May show a slight decrease in cottage transactions compared to the same time last year.

Kymenlaakso, which also borders Uusimaa, was the only region where sales were brisker than in 2022.

Cabin prices have averaged around 120,000 euros, indicating a downward turn since the pandemic, which pushed up the cost of buying a holiday home. There are, however, significant variations in prices between different locations.

Lapland, the lake district and coastal regions still remain the most popular cottage areas.

In 2021, Finnish cottage sales grew by almost 50 percent over the previous year.

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