In Helsinki, oversupply of rental flats is putting off investors

THERE is an oversupply of rental housing in Helsinki.

Helsingin Sanomat on Tuesday wrote that property developers and managers have turned to various campaigns to find tenants. Retta Management, the management company behind a newly completed high-rise in Kalasatama, Helsinki, is presently offering new tenants a 50-per-cent discount on rent for the first month.