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Real Estate markets have been cooling at Finland during last 12 months. Prices have not raised as fast as inflation and at it is very likely, that this Q3/2008 face values will decline. Banks have provided information, that it still is a good time to buy a house. Last three years, they have predict that interest rates will fall. Instead interest rates have raised, which makes mortgage loans very expensive. Builders have told, that everything is still fine. Just slightly reduce with building, but nothing bad. Real estate marketers have told, that prices are going to raise, then that prices will not fall and finally this autumn, that prices will fall only little. Facts
Picture 1. One example, 28.9.2008. Construction is halted. Building, which was supposed to be ready 2009, is taken out from sales. 
Picture 2. In 2005-2007 there were several construction cranes visible. Now everyone has disappeared. 
Picture 3. Euribor interest rates all time high, (from Kauppalehti) 
Picture 4. Real prices have already turned down, (from Statistic Finland) 
Picture 5. The number of houses for sale at online market place etuovi.com (1/2007 - 9/2008)
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