Although the prices fell by five percent nationwide, there were some areas where the prices went up.
It has been reported that the sales of summer cottages in Finland saw a significant decline last year compared to the previous year.
As international travel restrictions have now ended, the prices of cottages have gone back to their pre-pandemic levels.
The data provided by the National Land Survey of Finland suggests that the “Covid hype” effect on waterfront cottage prices has almost completely dissipated.
On average, the prices of summer cottages across the country saw a five percent decline between 2022 and 2023. Kymenlaakso’s cottage prices dropped 29 percent, while Kanta-Häme, Satakunta, and South Karelia also witnessed sharp declines.
Regional exceptions
There is an exception where prices on average fell by eight percent, found on the shores of Lake Saimaa in South Savo. However, in Puumala and Savonlinna, cottage prices rose by 10 percent and 15 percent respectively. On the other hand, the nearby Mikkeli and Kuopio in North Savo suffered, with Kuopio being the country’s most popular cottage municipality.
Price increases were also recorded in North Ostrobothnia (+23 percent), Ostrobothnia (+20 percent), and Lapland (+17 percent).
Waterfront cottages remained the most expensive in Uusimaa and Southwest Finland. The cheapest summer houses for sale were found in North Savo and Kainuu.
