The Housing Finance and Development Centre of Finland (ARA) has, on 19 December 2014, decided the following concerning the maximum plot prices applied in the Helsinki Metropolitan Area’s state-subsided housing production:
In the pricing of plots granted for state-subsided housing production, excluding construction work by the residents, the following maximum prices should be followed. They have been presented on the price map zone-specifically as euros per square metre, separately for detached, semidetached or terraced house plots and apartment building plots:
|(price graphs) ||€/floor m2||€/floor m2|
Reasonable costs of municipal infrastructure, in accordance to the valid costs, can be added to the zone-specific recommendation price. Planning costs are included in the plot price. When the plot’s residential floor area is defined, the plot’s floor area used for other than residential purpose (such as business, services, or other) is not included, as it will be priced separately.
2. A price for a detached, semidetached or terraced house plot can be charged, when the house type has been determined in the city plan with markings AR, AP and AO or with their combination. In low-rise high-density housing areas, a small apartment building can also be case-specifically accepted as a small residential house. If the house type has not been defined in the plan, a classification and floor number limitation based on calculated area efficiency value will be used for defining detached, semidetached or terraced houses.
3. Linear interpolation is applied in the areas between the border graphs of the price zones.
4. If the plot has a good location in a current or future residential centre, for example if it is located near good public or commercial services or close to railway or metro station (maximum distance 1,000 metres), the plot’s maximum price can be increased by up to 15 percent.
5. The price of plots located on a shore or riverbank can be increased by up to 20 percent.
6. In regard to housing production on rental plots, the annual rent of a plot cannot exceed 4 percent of the plot’s maximum value. The plot’s annual rent can be bound to cost-of-living index.
7. In the more expensive areas inside the IV zone, the reasonable level of maximum plot prices is agreed upon separately.
8. Those well-founded cases, where the plot is under constructed and therefore the price calculated by constructed floor area exceeds the recommended maximum price, can be approved as mortgage qualified, if the construction has not fallen below the granted rights more than 5 percent. If the construction rights have been undercut by more than 5 percent, the plot’s price or rent must be deducted equally.
9. If the granted plot’s terrain leads to exceptionally high foundation costs compared to the municipality's normal level, or if the person receiving the plot also becomes liable for significant demolition or cleaning costs or costs incurred due to moving cables, these must be taken into account as factors that decrease the plot’s price.
This decision is applied to state-subsided housing production in 2015. If the plot is transferred later than this, the maximum priced defined for that year will be applied.
Plot price map for 2014 (in Finnish, PDF, 930 MB)