Sales of summer cottages in Finland declined significantly last year compared to 2022.
With the end of international travel restrictions, prices have returned to pre-pandemic levels.
Data from the National Land Survey of Finland indicates that the "Covid hype" effect on waterfront cottage prices has almost completely dissipated. Nationwide, the average prices of summer cottages fell by five percent between 2022 and 2023.
Kymenlaakso's cottage prices fell the most, by 29 percent. Kanta-Häme, Satakunta and South Karelia also saw sharp drops.
Regional exceptions
One exception can be found on the shores of Lake Saimaa in South Savo, where prices on average fell by eight percent. However, in Puumala and Savonlinna, cottage prices rose by 10 percent and 15 percent respectively. By contrast, nearby Mikkeli suffered, as did Kuopio in North Savo, the country's most popular cottage municipality.
Price increases were also recorded in North Ostrobothnia (+23 percent), Ostrobothnia (+20 percent) and Lapland (+17 percent).
As usual, waterfront cottages remained the most expensive in Uusimaa and Southwest Finland, with the cheapest summer houses for sale in North Savo and Kainuu.
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