According to the statistics of KTI, the transaction volume in the Finnish property market amounted to some EUR 4.6 billion by the end of November. Due to the high activity of the first quarter of the year the volume is only 16% lower than in the corresponding period last year. In April-November, however, total volume only amounted to some EUR 1.8 billion. Foreign investors account for approx. 49% of the total volume. Office properties have been the most traded property sector so far in 2020, accounting for some 36% of the volume, followed by public use properties (23%) and retail properties (16%). According to the Confederation of Finnish Construction Industries RT, the total annual construction volumes are expected to decrease by 1.0% in 2020 and by 4.0% in 2021. According to RT’s forecast, new housing construction starts are expected to decrease to 35,000 dwellings in 2020 and 31,000 dwellings in 2021. Construction volumes are also expected to decrease in all main commercial property sectors in 2020 and 2021. The number of people working in construction industry has decreased by 5,000 in both 2019 and 2021 Source : KTI
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