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Buying a Hitas home

Hitas homes are high-quality, comfortable and reasonably priced. You can buy a Hitas home in two ways. You can either participate in a draw for a new Hitas home organised by the developer or buy an old Hitas home directly from the current owner. The buyer must always be a natural person – a company cannot buy a Hitas home. No income or wealth limits are attached to the purchase of a Hitas home.

You can buy an old Hitas home directly from the current owner, like any owner-occupied home. The city, however, regulates the maximum sales price. 

After the sale, deliver the sales documents to the housing company’s property manager, who will forward them to the city’s Housing Services. As a new owner, your information and the home’s price information will be recorded in the Hitas owner register. You can read more about the use of the owner register in the register description (pdf in Finnish).

The city always has the right of redemption in Hitas home deals based on the Articles of Association. In practice, redemption rights are only exercised if fraud is detected in the deal.

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New Hitas homes are purchased directly from the developer. The developer chooses the buyers by drawing lots. When entering the draw, you must be of legal age and legally competent. Families with children are given priority for family housing in the draw.

Please note that if you already own a Hitas home and are about to buy a home in a new build, you must sell your old home before the new one is completed. Note also that you can only be a shareholder in one Hitas new build. If you receive the right to buy a new Hitas home and are already a shareholder in another building under construction, you must give up one of them.

As a new owner, your information and the home’s price information will be recorded in the Hitas owner register. You can read more about the use of the owner register in the register description (pdf in Finnish).

See the new buildings in marketing on the Hitas new buildings page.

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Semi-Hitas homes are built in areas where there is no significant difference between the building costs of housing and the local market price level. You can buy a semi-Hitas home directly from the developer, and the buyers are selected by drawing lots, as in Hitas homes.

Semi-Hitas homes differ from Hitas homes in that their resale price is not limited. Once the building is completed, the home can be sold freely like a normal owner-occupied home.

There is no ownership restriction in semi-Hitas homes.

See the new buildings in marketing on the Hitas new buildings page. The information for an individual listing states if it is a semi-Hitas home.

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Ownership restriction of Hitas homes

If you are about to buy a Hitas home in a new build and already own a Hitas home, you must give up your old home before the new one is completed. The giving up refers to both ownership and control. The ownership restriction applies to the whole household, meaning that all persons belonging to the same household must give up their old Hitas homes before the new one is completed.

You can also be a shareholder in only one Hitas home under construction. This condition also applies to group building projects. If you receive the right to buy another new Hitas home, the deed of sale can only be signed once the previous binding reservation or deal has been cancelled. 

The ownership restriction of Hitas homes only applies to new Hitas homes. The restriction does not apply to semi-Hitas homes.

The end of Hitas regulation

Thirty years after the completion of a Hitas company, it may be exempted from price regulation. In this case, the price level of the company and the average price per square metre in the same postal code area are compared with each other, and if the calculated average price of the company or the possibly applicable limit price exceeds the price per square metre of all homes in the same postal code area, the Hitas company will be exempt from price regulation. If the Hitas company was completed before 2011, there will be no changes to the land lease amount.

Companies whose average price per square metre or limit price is lower than the price per square metre of all homes in the same postal code area may choose to apply for exemption. In connection with the application, the plots unit will review the company’s land lease amount, and the increase may be up to 30%. Information about a possible exemption will come to the companies by letter.

In companies that are completed after 2011, the Hitas restrictions will expire 30 years after completion. In this case, the land lease amount will be increased to the same level as the unregulated land lease.

All companies exempted from regulation can be found in the file of exempted companies (pdf in Finnish).

See Hitas companies on a map

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