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Fine Finland - 21 January 2008

Finland is full of potential for savvy investors, and one of the things that is so great thing about Finland property is the buyer protection offered by the Government.

Deposits made on off-plan properties in Finland are held by the government until the property is built and the keys are handed over. This means buyers can change their mind and simply get their deposit back minus a small administration fee, unlike most cases where the buyer would have to market and resell their property. This protection would also be beneficial if for any reason work should stop on the properties.

As for the rental market, the sheer number of outdoor activities, Lapland's mystique, 24 hour summer daylight, and beautiful scenery are all big draws for tourists. The obvious strengths of the winter market and the attraction of the Northern lights, should make earning an all year round rental income realistic. In an article in the Guardian Sat 24 Nov. Judith Prescott wrote: "one rental agency reports summer visitors to Lapland more than trebled to more than 1500 between 2002 and 2005." On top of this, the properties are professionally managed, making rental a stress-free as possible.

Lapland is one of the world's growth areas. Further helping this are the past poor skiing conditions in the Alps, which have prompted tour operators to look for better options. This has made Levi's six months of great conditions a firm favourite. In turn, there has been a growth in the availability of flights to Lapland, with British Midland now offering flights from Heathrow to Kitilla, just 14km from Levi.

The popularity of Levi should continue to grow, and combined with the growing popularity of skiing, a holiday home in Levi could be an incredibly wise investment indeed.

 


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