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Rents rise across Finland, biggest jumps in Turku, Tampere

The median rent for a studio apartment in central Helsinki was 809 euros per month, while they cost around 583 euros in downtown Tampere and 515 euros in the centre of Oulu.

Image: Petteri Bülow / Yle

Rental fees for non-subsidised apartments rose across most of Finland during April to June, compared to the same period a year ago, according to data from Statistics Finland.

On average, rents rose by 0.9 percent during that period across the country.

Timo Metsola, board chair of rental agency Vuokraturva, attributed the increase to growing demand, saying that competition clearly intensified for the most desirable properties.

The sharpest rise in apartment rents during the April-June period was seen in the city of Turku, where costs rose by 1.6 percent, with the city of Tampere seeing an increase of 1.4 percent.

Meanwhile in the Greater Helsinki area, rents ticked up by 0.9 percent.

Among the country's municipal centres, the town of Mikkeli was the only area which saw rental fees decline.

Still priciest in Helsinki area

The number-crunching agency reported that the median rent for a studio apartment in central Helsinki was 809 euros per month, while they stood at 583 euros in downtown Tampere and 515 euros in the centre of Oulu.

Meanwhile, larger homes, for example three-room apartments cost a median of 1,634 in downtown Helsinki, 1,070 euros in Tampere and 940 euros in Oulu.

Metsola said that new students began searching for places to live towards the end of July, but noted that there were fewer young flat hunters this summer than in years before the coronavirus crisis.

"The pandemic has increased distance learning, and only some educational institutions are planning to conduct in-person teaching when the academic year gets started this autumn," he said, explaining that fewer new students will start renting, compared to pre-crisis years.