Operating environment

The eurozone’s economy has continued to develop favourably. The positive development of the United States' economy and rising inflation have caused an increase in interest rates. Economic development may be significantly affected by political uncertainty especially in Europe and the United States.

In Finland, the development of the economic outlook has been cautiously positive. The development of the world economy is a key factor that influences the development of export and industrial production. The confidence of households and companies has strengthened. This was seen in, for example, demand for owner-occupied apartments and construction investments.

According to Statistics Finland, the prices of old apartments in apartment blocks and row houses rose somewhat throughout the country.

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