Household expenditure on housing rentals in Finland has shown consistent growth from 2013 to 2023, increasing from €5.73 billion to €8.45 billion. The annual year-on-year growth rate from 2013 to 2023 reflects fluctuations, with notable peaks in 2015 (6.63%) and 2017 (5.99%), and a dip in 2021 (-0.94%). The compound annual growth rate (CAGR) over the last five years leading to 2023 averages to 2.59%. This suggests a gradual deceleration in growth compared to earlier years.
Key trends observed over this period:
- Steady increase in expenditure from 2013 to 2019, indicating a robust rental market.
- A slowdown in growth beginning in 2020, likely influenced by broader economic conditions.
- Slight recovery observed in 2022 and 2023 post-pandemic effects.
Looking ahead, forecasts indicate continued but slower growth from 2024 to 2028, with a five-year CAGR of 1.69% and a projection reaching €9.4 billion by 2028. Future trends to watch for include economic fluctuations, changes in housing policies, and potential impacts of urbanization and demographic shifts on housing demand.
