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Bubble trouble in Finland


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Hmm.

New highs in Helsinki.

What are base rates and mortgage rates like in Finland, AAK?

 

Have QE and ZIRP policies created a new and more dangerous Global Property Bubble?

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Hmm.

New highs in Helsinki.

What are base rates and mortgage rates like in Finland, AAK?

 

Have QE and ZIRP policies created a new and more dangerous Global Property Bubble?

 

 

Finland is a euro zone country so base rates are .75%? Many mortgages are tied to one year Euribor as a one year fix which is now with all fees about 2.2%

 

The finland story is partly to do with rates that are too low for Finland and partly to do with a stronger Nordic area which can handle a crisis like this better than other zones. A stronger Russia is also going to have spin offs for Finland one way or another with higher commodity price earnings being spent in Finland on expertise technology and property.

 

I am assuming that rate rises are going to come slowly and be moderate given the scale of the debt and huge impact rising rates will have, where a bias towards higher inflation will be tolerated 'to help unemployment'. Where in any case unemployment is going to be an issue for many places and assistance seems reasonable - it still bails out the property owners however.

 

It will be interesting to see how the USA deals with a firmer housing bottom, rising rates and that massive deficit where spending cuts seem unavoidable - but it does not sound so inflationary if all three are faced together.

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Finland is a euro zone country so base rates are .75%? Many mortgages are tied to one year Euribor as a one year fix which is now with all fees about 2.2%

 

The finland story is partly to do with rates that are too low for Finland and partly to do with a stronger Nordic area which can handle a crisis like this better than other zones. A stronger Russia is also going to have spin offs for Finland one way or another with higher commodity price earnings being spent in Finland on expertise technology and property.

Similar to HK then - close to Russia, while HK is close to China.

Mortgage rates here are 1%

 

I heard that mortgage rate in Greece now might by 6%, and big difference in the Euro zone

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