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  • Article

    Finland's New Building Act Entered Into Force At The Beginning Of 2025

    The new Building Act entered into force in Finland at the beginning of 2025. On 17 December 2024, Parliament also approved the amendments to the Act.
    FinlandReal Estate and Construction
    Castrén & Snellman
    Castrén & Snellman
  • Article

    New Employer Obligations In Building Trade

    The Act on the Contractor’s Obligations and Liability when Work is Contracted Out has been amended on 1 July 2012.
    FinlandReal Estate and Construction
    Borenius
    Borenius
  • Article

    Freedom Of Contract In Demanding Construction Projects Should Not Be Limited In Legislative Reform

    The past year and a half has forced construction companies to adapt in new ways.
    FinlandReal Estate and Construction
    Castrén & Snellman
    Castrén & Snellman
  • Article

    Real Estate Industry Putting Words Into Action In Sustainability

    National and international climate goals steer sustainability in the real estate industry like in any line of business. Real estate accounts for up to 40% of the global carbon emissions...
    FinlandReal Estate and Construction
    Castrén & Snellman
    Castrén & Snellman
  • Article

    Recent Legal Praxis Regarding "YSE" General Conditions For Building Contracts

    The Court of Appeal of Helsinki has in its recent decision interpreted section 13 of the YSE 1983 general conditions for building contracts (concerning liability during the guarantee period.)
    FinlandReal Estate and Construction
    Borenius
    Borenius
  • Article

    Amendment To The Energy Efficiency Directive Can Trigger A Wave Of Renovation In Finland

    An amendment to the Energy Performance of Buildings Directive is being prepared in the EU. The aim of the amendment is to reduce the energy consumption of buildings...
    European UnionReal Estate and Construction
    Castrén & Snellman
    Castrén & Snellman
  • Article

    Finland To Extend Capital Gains Taxation To Indirect Holdings Of Finnish Real Estate

    The new legislation is expected to enter into force on 1 March 2023 and will be applied to all disposals carried out after that date.
    FinlandReal Estate and Construction
    Waselius
    Waselius
  • Article

    Government Proposal On Reducing Transfer Tax Rates In Finland

    The law would enter into force on 1 January 2024, but the new tax rates would apply retroactively from the date of introduction of the government proposal, i.e. 12 October 2023.
    FinlandReal Estate and Construction
    Castrén & Snellman
    Castrén & Snellman
  • Article

    New Court Of Appeal Judgment On Liability For Falling Ice And Snow Clarifies The Position Of A Property Owner

    In a recent case heard by the Court of Appeal of Helsinki, a property maintenance company’s CEO was being charged with negligent manslaughter after an elderly man was killed by a block of icy snow falling from the roof of an apartment building.
    FinlandReal Estate and Construction
    Borenius
    Borenius
  • Article

    Stay Alert In Financing Transactions – Finland's Digital Residential And Commercial Property Information System Is In Transition

    In 2019, Finland deployed the digital Residential and Commercial Property Information System maintained by the National Land Survey of Finland.
    FinlandReal Estate and Construction
    Castrén & Snellman
    Castrén & Snellman
  • Article

    Real Estate Sales In Finland Can Now Be Concluded Electronically

    In Finland the Code of Real Estate includes provisions concerning the sale of real estate, liens and a registering system.
    FinlandReal Estate and Construction
    Merilampi Attorneys Ltd
    Merilampi Attorneys Ltd
  • Article

    Amendment Of The Act On Transfers Of Real Estate Requiring Special Permission: What Are The Key Changes For Foreign Purchasers?

    In light of the changing security environment, the Finnish Parliament adopted an amendment to the Act on Transfers of Real Estate Requiring Special Permission (in Finnish: laki eräiden kiinteistönhankintojen luvanvaraisuudesta) in April 2025 (the "Amendment").
    FinlandReal Estate and Construction
    Hannes Snellman
    Hannes Snellman
  • Article

    Building Contracts: Circular Economy And New Regulation Create New Business In The Construction Industry

    The shift towards the circular economy is accelerating globally in nearly every industry—including construction.
    FinlandReal Estate and Construction
    Castrén & Snellman
    Castrén & Snellman
  • Article

    Merely Fulfilling The Minimum Requirements Is Not Enough In Sustainable Construction

    Sustainability and combating climate change are the constant subject of attention in both regulation and practice. However, the regulation reform and amendments are raising emotional responses and arousing discussion in the construction industry.
    FinlandReal Estate and Construction
    Castrén & Snellman
    Castrén & Snellman
  • Article

    New General Conditions For Consulting KSE 2013 In Use Since March

    The General Conditions for Consulting ("KSE 2013"), which are applied to planning and construction contracts, were renewed in February 2014.
    FinlandReal Estate and Construction
    Merilampi Attorneys Ltd
    Merilampi Attorneys Ltd
  • Article

    Changes In The Construction Industry Provide Good Grounds For Updating The General Conditions For Building Contracts

    The need for updating and reforming the YSE 1998 General Conditions for Building Contracts has been discussed for quite some time in the construction industry.
    WorldwideReal Estate and Construction
    Castrén & Snellman
    Castrén & Snellman
  • Article

    State's Right Of Pre-Emption And Screening Of Foreign Buyers Of Real Estate Improve Security Without Compromising The Operation Of The Real Estate Market

    Two Acts concerning real estate transactions entered into force in early 2020. One of the Acts subjects real estate acquisitions by parties from outside the EU/EEA to a special permission...
    FinlandReal Estate and Construction
    Castrén & Snellman
    Castrén & Snellman
  • Article

    Right To Appeal Building Permits Expands To Registered Associations As Of December 2021

    Registered associations will in future have the right to appeal building permits if the permit concerns a project that is subject to the Act on Environmental Impact Assessment Procedure.
    FinlandReal Estate and Construction
    Castrén & Snellman
    Castrén & Snellman
  • Article

    Building Contracts: Legislative Reform Will Not Guarantee Better Building Construction, Co-operation Is Key

    The quality of building construction has been the subject of intense debate both in the building construction industry itself and in the media at large.
    FinlandReal Estate and Construction
    Castrén & Snellman
    Castrén & Snellman
  • Article

    Special Features Of Real Estate Transactions In Finland: Formal Requirements, Permit Requirements And Pre-emption Rights

    Real estate transactions in Finland present unique legal requirements that distinguish them from other jurisdictions. From mandatory notary presence and formal execution procedures to permit requirements for non-EU buyers and complex pre-emption rights held by municipalities and the State, navigating Finnish property law demands careful attention to procedural details and strategic timing.
    FinlandReal Estate and Construction
    Castrén & Snellman
    Castrén & Snellman

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