Practically all apartments being sold in Helsinki center are actually shares of housing companies:

Housing companies are a typical housing system in Finland. The shares in a housing company confer on their owner the right of possession of a specific apartment. The shares are treated as personal property and can be sold and used as collateral for a loan. The company is responsible for the management and upkeep of the building and joint facilities. The housing company system makes it possible to have non-subsidised owner-occupied apartments and free-market rental housing, as well as State-subsidised owner- occupied or rental apartments all in the same building.

Sales of housing company shares and single family houses are most active among the seasoned housing stock. New production brought to the market by the building companies is only part of total yearly sales of apartments in housing companies. The number of dwellings changing ownership has varied greatly according to the economic trends, interest levels and the development of household incomes. Naturally, the prices of owner-occupied dwellings have followed supply and demand on the housing market.

The housing company often sub-contracts the actual management of the house to a management company that acts as a middle man between the shareholders and the various physical service providers such as cleaning companies, waste management companies and other maintenance services.

Kiirava is one of the high profile real estate management companies in Helsinki. Nodium was commissioned to do a complete make-over for their web site. To emphasize their broad and prestigious client base, a photograph of a random client is shown each time the front page is loaded.

Posted by api in Portfolio

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