5 Countries where Housing Prices are Declining or Flat

1. Finland

1 Year % Change in Real House Prices: -5.78%

3 Year % Change in Real House Prices: 28.97%

Affordability Index: 86.13

Average Score: 2.85

In 2023, the Finnish housing market recorded its biggest slump ever since the pandemic hit. Prices of homes in the country went down by 7.4% in May compared to the same time period in 2022. Experts suggest that this is the biggest decline in the country since January 2021. Currently, the average price per square meter of a residential property in Finland is around $2,200. Where a typical home in rural areas can be bought and sold for approximately $43,000, those in the metropolis can go as high as $314,000. 

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