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Finland Property Investment set to soar
Overseas Property News - Finland
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News Detail
Finland property prices grew by 97% between 1995 and 2005, which is an average taken from the capital appreciation throughout the Finland property market, with some areas growing more than others. Though analysts have commented that Finland property price rises have slowed since 2005 they have only slowed to around the 8% mark, which is still a very respectable figure for an established property market like Finland.
Like I said the figure of a 97% rise in Finland property prices in the last ten years is an average of price rises across all property in Finland, some places have seen property price rises well above the average. Lapland is a key example. Lapland property prices rose by approximately 250% over the last ten years, and analysts predict that prices on property in Lapland will rise by a further 250% in the next ten years, possibly by as much as 300%.
Lapland property prices are rising so spectacularly because it is an emerging market, and in the throes of a major tourism boom, because it offers the longest period of world class skiing conditions in the EU, it is the home of Santa, property prices are low, and it is an incredibly beautiful part of the world, with an unsurpassed showing of the Northern Lights phenomenon and tourist attraction. But even outside of Lapland, prices of Finland property are rising steadily, and, carefully chosen, an investment property in Finland can be a very rewarding acquisition.
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