Finland's Record Unsold Apartments
This is a Finland news story, published by Yle News, that relates primarily to the Ministry of Finance news.
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new apartmentsYle News
•Construction companies' campaigns fail to attract buyers
77% Informative
At the start of September , Finland had 5,000 unsold new-build apartments, according to the Ministry of Finance .
Housing developers have so far been reluctant to lower their prices.
Construction companies have offered various perks, such as eclectic cars or free moving services, to draw buyers.
High price levels are impeding the sale of new apartments in an environment where rising cost of housing outstripping advances in earnings.
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