KVKL – In English

Finnish Association of Real Estate Agencies is the nationwide advocacy and umbrella organization for the real estate brokerage industry in Finland

Finnish Association of Real Estate Agencies is the nationwide advocacy and umbrella organization for companies and associations engaged in the real estate brokerage business in Finland, looks after the interests of its members and seeks to wield influence in order to attain the common goals.

The new umbrella organization was created when the major players in the field, namely Realia Group, Kiinteistömaailma, OP-Pohjola Group Central Cooperative, and the Finnish Association of Real Estate Agents (SKVL), founded the Federation on 18 March 2008. The membership of the Association comprises the said four groups that together employ a total of over 3,300 real estate professionals. In addition from the beginning of year 2011, Aktia Kiinteistönvälitys Oy (ltd) joined KVKL and in 2013 RE/MAX Finland joined KVKL, which enhances KVKL’s structure further on. Consequently, the Association represents approx. 80 per cent of professional real estate agents in Finland.

The goals of the Finnish Association of Real Estate Agencies are to promote and develop research and training in the real estate brokerage industry and to further related ethical and legal regulation. Additionally, the Association promotes projects designed to ensure a higher standard of competence of agents, increase the quality of the services offered by the agencies, and guarantee compliance with good real estate brokerage practice and, consequently, safer housing transactions in Finland.

The headquarters of KVKL is located in Pasila, Helsinki. 

Fields of activity:

The Federation serves as an umbrella organization for, and representative of, the real estate brokerage industry on the national level. Its fields of activity are:

  • Development of professional procedures in the industry;
  • Enhancement of the standard of training;
  • Improvement of the operating conditions of the industry (e.g. by issuing opinions on legislative matters);
  • Cooperation in research;
  • International activities.

The Federation’s primary goals include:

  • Attainment of a higher standard of professional competence in the brokerage industry:

Creation of clearer and more transparent ground rules for the industry;

  • Compliance with good real estate brokerage practice.

While seeking to attain these goals, the Federation also looks after the interests of clients and increases the transparency of housing transactions, thereby contributing to greater security in these matters.

The Federation’s values:

Reliability, integrity, expertise, transparency, compliance with good real estate brokerage practice.

The Federation’s view of the real estate brokerage business:

Real estate brokerage is a trust-based expert service designed to secure safe housing transactions for and on behalf of the customers. Success in the profession calls for diverse customer service skills, a high standard of professional competence and compliance with a strict code of conduct.

Accordingly, the Finnish Association of Real Estate Agencies is tasked to promote developments in its operating environment, at companies and among members that help reinforce and attain this vision: the real estate brokerage sector is called upon to shape its own future!

The Federation’s visions up to 2020:

We want the real estate brokerage industry to be: attractive, dynamic, growing, successful and highly respected.
We want the agents and agencies to be: highly qualified with a wide range of skills, responsive to customers, service-minded and successful.
As an organization, we want to be: strong and customer-oriented while closely monitoring current developments.


- Is it customary for buyers and sellers to use real estate agents there in Finland? 

Sellers use real estate agents very often, buyers rather seldom. So, it is quite customary  to use real estate agents in Finland. Our estimate is that their’s share of all transactions is 70-80 per cent.

-- Is it customary for the buyer to hire a lawyer to handle the purchase transaction?

Foreign buyers, especially Russians, or domestic high-net worth clients in case of valuable property may use also lawyers. In general, lawyers are not used very often for basic housing transactions. In general you can say, that the real estate agent is in key role in the transaction-process in Finland.

-- Are there any restrictions on foreign buyers in Finland?

In theory, no. From beginning of 2000, there is no restrictions to foreigners to buy real estates in Finland.  In practice funding of the purchase may sometimes be difficult unless the buyer is intending to move to Finland.

-- Is there anything about the buying process that is particular to Helsinki (vs. Finland as a whole)?

In Helsinki, the selling times are shorter than in the rest of the Finland. In Helsinki there are some apartment-types (=so-called Hitas-apartments), that have some price-limitations. In some apartments, there is controlled income-levels: if your income is too high, you cannot get that kind of apartment.  You have to also keep in mind, that here you do not own the right to rent an apartment, like in some other countries.

-- What are the main fees involved in a purchase? How much should buyers plan to spend on fees (as a percentage of the purchase price)?

In addition to property transfer tax (not a fee), there are no fixed or other fees included. In case the buyer engages a lawyer, a cost of 500-1000 euros should be customary. Should the buyer engage a buying agent, fees could be for instance around 1-3,5 % of the purchase price.

In Housing companies transfer-tax is 2 per cent of unencumbered selling price. If byer is 18 – 39 years old and apartment is his/hers first own apartment , he/she is free from value added tax . In real estates value transfer tax is 4 per cent.  In addition in real estates buying process You must pay legal confirmation possession fee, which is  EUR 119  (without 24 % value added tax)  per real estate.

-- Can foreigners obtain a mortgage there?

Foreigner can obtain a mortgage in Finland. In practice, this depends on the bank and the securities, that are required. Without a permanent residence the obtainining of a mortgage can face sometimes some challenges.

-- Who are the foreigners buying these days in Helsinki (what countries are they from)?

In addition to Russians, mostly the buyer come probably from European Union –area and very typically near-by-Finland -countries like Estonia and Sweden.

The first larger investors and funds from Europe and USA investing to the Finnish residential rental housing marked have started to land to the bigger cities of Finland during 2016 and 2017. 

In eastern parts of Helsinki also the people, that have refugee-background, have also been starting to purchase apartments and houses during the latest years.  

The Russian people have been typically active in buying the free time homes especially near the Eastern border of Finland. 

In Helsinki 7th of September 2017

Finnish Association of Real Estate Agencies
(Kiinteistönvälitysalan Keskusliitto ry)