S-Pankki CEO Riikka Laine-Tolonen says Finland’s housing market is still in poor shape and that no clear turning point is visible yet. She added that price levels are currently quite attractive, especially for people buying their first home.

According to Laine-Tolonen, there are already signs of increased activity at the bank’s mortgage counters, even though the broader market has not improved. The assessment matters because a pickup in home sales would quickly affect household confidence and the outlook for construction.