Many Finns considering selling their home have unrealistic expectations of the sale price, real estate agents estimate. Seppo Hämäläinen, the managing director at Kiinteistömaailma, points out that Finns are also under the impression that they should always profit from selling their home. As a result, no buyer is found for one-third of the homes on the real estate market.
HS in English
Real estate market is slowing down
“People have a misguided perception of the value of their own home,” he says. Elias Oikarinen, an academy research fellow at Turku School of Economics, views similarly that sellers are slow to react to changes in the real estate market.