Finland’s Top Residential Landlord CEOs See Rent Hikes Starting
- Kojamo and SATO expect easing oversupply to help raise rents
- Landlords have been absorbing higher costs for two years
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The increases in market rents in Finland will only begin to reflect higher costs later in 2024 after two years of fast inflation, according to the chief executives of the Nordic country’s two biggest private residential landlords.
So far, tight competition and an oversupply of new homes have prevented Kojamo Oyj and SATO Oyj from passing on the impact of soaring prices, weighing on profitability. A slump in construction is now set to balance the supply and demand of apartments and, in turn, enable property owners to gradually start raising rents faster.