People are pushing themselves to the max to buy these kinds of places and there are tens of thousands f them around Finland it seems. When the economic crisis comes and pushes interest rates upward and those on the edge can't cope, watch the prices tumble. If you want a new apartment, have your cash ready.
RE: Is crypto a great deal from the insignificant?
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Is crypto a great deal from the insignificant?
That's very true. I could understand Tampella close to the rapid and the lake. But Niemenranta. It's too far from the city center.
Yes, you're right about that segment of the market.
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It really is insane. There will be 5-10,000 people living there once it is done. 15 years from now, it won't be new and the people who bought there won't be able to sell. They are creating the future slums.
Edit: Finnish slums that'd be. Not exactly the Barrios of Brazil.
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I could stomach €200,000, somehow. But €280,000 at that distance from the city centre, despite the tram terminus and the lake right next to the building? Even with the gorgeous lake views, the price level is too much for anyone rational.
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I would be wary buying there with lake views, as they have been selling them for years with lake views, and then building the next string of buildings in front of the last. It is like that nonsense student building that they put in the middle of Tampella. I'd be furious if I had bought a few years earlier at a premium, only to end up looking at blank wall.
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