Record Year for OP-Kiinteistökeskus Real Estate Agents
(Thomson Reuters ONE) -
2011 marked a new record year for OP-Kiinteistökeskus real estate agents, which
recorded a total of around 17,200 home and real property sales, or some 200
transactions more than in 2010.
- Although Finnish consumers and home buyers have been bombarded with bad
economic news since last summer and their future confidence have been put to the
test, property and home sales have remained relatively buoyant, says Kenneth
Sandberg, Vice President, Estate Agent Services of OP-Pohjola.
Mr Sandberg states that the reasons for the lively market include historically
low borrowing costs, stabilised price development, steady employment, spending
power that has remained relatively steady, and the fact that home and real
property sales and purchases are based on a real need.
Only minor changes in the lenght of selling times
The market has remained active in the Helsinki Metropolitan Area and growth
poles, but for OP-Kiinteistökeskus real estate agents, no regions or towns
differ in their market activity level in any special way. Sales also remained
relatively steady throughout the year.
- For OP-Kiinteistökeskus real estate agents, the time that it takes to sell a
flat remained at the same level throughout the autumn, or an average of 66 days.
In comparison with the average time reported for the second quarter, the time
frame has lengthened only by four days. The time did not lengthen over autumn
2010 either, says Sandberg.
- Only the most expensive homes and real properties have actually seen longer
selling periods, their time frame lengthening by up to 20 days compared with
that in early summer 2011, averaging some 110 days.
Sales expected to remain at the current level
Sandberg predicts that the home and property market will remain relatively
lively. Despite the European sovereign debt crisis, the same favourable
environment is expected to exist for home and property sales in Finland as in
autumn 2011. The next six months are not expected to see any major changes in
prices either.
- The only weak point in an otherwise buoyant housing market may relate to a
deteriorating employment picture, which depends on exports and the related
success in Finnish manufacturing.
For more information, please contact:
Kenneth Sandberg, Vice President, Estate Agent Services, tel. 010 252 4635
OP-Pohjola Group is Finland's leading financial services group providing a
unique range of banking, investment and insurance services. The Group has the
mission of promoting the sustainable prosperity, well-being and security of its
owner-members, customers and operating regions through its local presence. Its
objective is to offer the best and most versatile package of loyal customer
benefits on the market. OP-Pohjola Group consists of some 200 Group member banks
and the Group's central institution OP-Pohjola Group Central Cooperative with
its subsidiaries and closely related companies, the largest of which is the
listed company Pohjola Bank plc.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Pohjola Pankki Oyj via Thomson Reuters ONE
[HUG#1574777]
Unternehmensinformation / Kurzprofil:
Datum: 04.01.2012 - 08:01 Uhr
Sprache: Deutsch
News-ID 100842
Anzahl Zeichen: 3868
contact information:
Town:
POHJOLA
Kategorie:
Business News
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"Record Year for OP-Kiinteistökeskus Real Estate Agents"
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