Since 2000, foreign citizens have received equal rights with Finns to purchase residential real estate. In Finland, it is customary to conduct a real estate purchase and sale transaction with the participation of a licensed real estate agency, up to 97% of all transactions are carried out with the participation of an intermediary. The name of a company that has a license for real estate activity must have the abbreviation "LKV". The purchase of real estate in Finland is regulated by the Land Code, therefore the object of purchase is land and the buildings located on it. The purchase of apartments on the secondary housing market in Finland involves the purchase of shares in a housing company in accordance with its Charter. The number of shares corresponds to the area of the apartment. Buying process The process of buying a home in Finland is simple at first glance, but it has many nuances. Having chosen and studied the object you like, having agreed on the terms of the transaction with the seller, you can start preparing the necessary documents for the transaction. As a rule, a preliminary sales contract is signed between the seller and the buyer of the property first. After that, you need to make an advance payment of 4% to 10% of the cost of housing. All transactions related to the sale of land plots and / or buildings on them are certified by a notary. Apartment transactions are carried out at the bank without the participation of a notary. The document indicates the property, the final amount, prepayment conditions, terms and method of payment, date of transfer of ownership. As a rule, the contract of sale is signed in the company of the realtor or in the bank, if the object being sold has mortgages, in the presence of a notary, in 4 copies, one of them remains with the notary. There is a fee of 105 euros for notary services and registration of the contract. The buyer usually makes payment in full before signing the final contract and pays a one-time tax of 4% when buying a house or land and 1.6% when buying an apartment. But often transactions are made in installments. Payments between the seller and the buyer are usually made by bank transfer. The indicated amount is transferred from the buyer's personal account. If the bank refused to open a current account, the amount can be paid from the client account of the real estate company. On average, the buying process takes 1 month. Registration of ownership The new owner, within 6 months from the date of signing the deed of purchase, must submit documents for re-registration to the Land Office at the location of the object, along with a document confirming ownership of real estate. Such a document is the Lainhuutotodistus - "Certificate of title deed" of the registration of ownership of real estate, and the cost of its registration is 115 euros. The Land Office confirms ownership within 1-2 months, then this information is entered into the unified real estate register. Mortgages Russian citizens have the opportunity to obtain a mortgage loan, but after the crisis, Finnish banks are cautious about issuing loans and carefully check the borrower. Russians are usually granted a mortgage for 40-50% of the value of real estate and for a period of 5-15 years, for comparison, the Finns are given a mortgage loan for 20-30 years. The interest rate is in the range of 4-5% per annum. Having a stable income in Finland and a residence permit greatly simplifies the task of obtaining a loan, although each case is considered individually. Offers on the secondary market Land plots for construction and holiday cottages remain the most popular type of real estate among Russian buyers. Apartments in Helsinki and other large cities are in less demand, which are purchased more for investment purposes. Russians most often consider buying in the southeast of the country. The average price of a country house is 350,000 euros, a plot of land for construction with an area of 0.4-0.5 hectares, for example, on Lake Saimaa costs from 75,000 euros, the price of one-room apartments in border towns will be 30,000 - 60,000 euros. The cost of liquid one-room apartments in the center of Helsinki, which are purchased for investment or to save money, will average 160,000 - 220,000 euros. They can also generate a steady rental income. Ready-made housing has an undoubted advantage - you can move right away. And when buying land for building a house, many practical issues may arise directly related to the organization of construction. The average construction period can be 8-14 months. HomesOverseas.ru
Finland. The purchase process in the secondary housing market
In Finland it is customary to carry out the transaction of purchase and sale of real estate with the participation of a licensed real estate Agency, 97% of all transactions are conducted with participation of a mediator.
18.11.2011
Author: Maria Cooper
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Hope
So, Finnish citizens do not welcome the purchase of Finnish real estate by Russians?
27 of Nov 2018, 00:45:52
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What real estate company is meant here?
Finland has a very strict law on money laundering, and if you help customers to transfer money to Finland without providing information about the origin of the money, then you're committing a crime. Hardly any Finnish Agency to agree to break the law.No Bank will refuse to open accounts if the client will provide clear information.
We also advice you to first ask the permission of the Finnish agents for the placing the information about the objects on your site, as customers dissatisfied around their homes and ride the machine with Russian numbers.