Finland Residential Figures Q1 2026

Residential investment volume hit a record €1,287 million in Q1 2026 — the highest quarterly total ever for the sector — accounting for 62% of total investment. Foreign capital contributed 25% of the volume, and the Helsinki Metropolitan Area drew 55% of investment activity.

Residential prime yields held stable at 4.40% in the HMA and 5.00% in Turku and Tampere. The yield outlook remains positive.

The quarter was defined by a small number of very large portfolio deals. Kojamo acquired Varma's residential portfolio of 4,761 apartments for c. €900 million, with 98% of the portfolio located in the Helsinki, Tampere and Turku regions. Storebrand purchased 999 apartments in the HMA from Ilmarinen for €180 million, and SATO acquired OP Vuokrakoti Ky's entire housing portfolio. Icecapital also acquired two residential projects in Espoo and Helsinki for its new housing fund from JM Suomi for €52 million.