Housing Bubble in Finland’s Capital Area
Andersson, Niko (2014)
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Speculation of a bubble in the housing market is a contemporary topic in Finland. Foreign economists are claiming that the bubble exists and Finland’s domestic economists deny the bubble along with the Bank of Finland. Opinions in media are very controversial. Meanwhile housing prices in capital areas have rocketed up. This paper gathers relevant figures and reviews about the present and future situation through numbers and historical data. It does not try to offer a complete model or a pattern to assess the situation in housing markets but rather to compare trends with historical data and seek ways to understand prevailing situation and how it was generated. Secondary sources are used in this study and the reader must apply critical thinking since facts are mainly provided by Finnish sources. This study aims to clarify housing market fundamentals and forecasts possible future scenario.