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Why do Russians prefer real estate on Lake Saimaa in Finland?

Why do Russians prefer real estate on Lake Saimaa in Finland?

Why do Russians prefer real estate on Lake Saimaa in Finland?
  • Why does Lake Saimaa attract Russian investors in real estate?
  • Why do Russians choose real estate on Lake Saimaa?

Introduction

In the southeast of Finland lies the magnificent Lake Saimaa, famous for its picturesque shores and numerous tiny islands. This body of water stretches an impressive 200 kilometers, ranking fourth among freshwater lakes in Europe and being the largest in the country. The lands surrounding the lake are remarkable in their diversity, adding charm to this natural corner.

Popular regions for real estate

Russian investors most often pay attention to the regions of South Savo and South Karelia, which have become popular for real estate purchases. These areas are conveniently located close to the border with Russia, making them particularly attractive to Russians, especially to residents of St. Petersburg and the Leningrad region. The shores of Lake Saimaa are adorned with lush greenery from spruce and pine forests, creating stunning natural formations. This picturesque area features numerous bays and rocky islands where one can enjoy the beauty of nature.

Climate and transportation accessibility

The climate in this part of Finland is moderate: during the winter, temperatures usually range from -5 to -10 degrees Celsius, while in summer they can reach +18-20 degrees. Getting to Lake Saimaa is very convenient due to the well-developed transportation infrastructure. You can choose any mode of transport:

  • car
  • train
  • bus
  • airplane

The easiest way to get from St. Petersburg is to take a bus or drive your own car. There is also the Allegro train, which connects St. Petersburg with Finnish cities, as well as the Lev Tolstoy train, which operates routes from Moscow. Additionally, several airlines, including Finnair, Aeroflot, and Rossiya, offer regular flights from Moscow and St. Petersburg, as well as Yekaterinburg to Helsinki. The distance from Helsinki to Lappeenranta, the nearest city to Lake Saimaa, is only 220 kilometers, and considering the good condition of the roads, the journey will take about two hours.

Water route between cities

It is worth noting that there is a water route operating between Vyborg and Lappeenranta. It connects the Saimaa lake system with the Gulf of Finland and offers a unique opportunity to travel through this picturesque area.

Real estate market

As for the real estate market in this region, most Russians buy properties as country houses for recreation rather than for investment purposes. The period from 2003 to 2008 was marked by significant growth in the housing market in Finland; however, in 2009, the economic crisis negatively affected prices and demand. Nevertheless, this decline turned out to be temporary, and by the end of 2010, a new phase of increasing property values began.

In 2011The prices for houses and summer cottages near the lakes have increased.about 10%, and in 2012 they returned to the level preceding the crisis. Interestingly, in the Saimaa lake region, there are no sharp fluctuations in prices, and the demand for real estate remains stable. More70% of all foreignreal estate purchases in FinlandRussians are visiting, which confirms their interest in this magnificent and tranquil corner of nature.

Interest in real estate on Lake Saimaa

In recent years, there has been a sharp increase in interest among Russians in purchasing real estate around Lake Saimaa.

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Renting out country houses for the summer or winter holidays can bring a stable, albeit not very high, income, which amounts to approximately4-5%per year.

The average rental price for a cottage in this region fluctuates around650 eurosin a week. Land plots with water access intended for the construction of residential houses with an area of5000-6000 square meters, start from80,000 euros.

In this area, wooden cottages are popular, with prices usually around350,000 eurosFor this reason, many Russian citizens, when encountering attractive offers, prefer to purchase land plots and build houses on them. This situation is explained by the fact that finding the perfect country house with the necessary amenities is quite challenging.guest housesorgaragesIt's very difficult to find reasonable prices.

Cities attractive for real estate investment

In this area, there are only a few small towns scattered at a considerable distance from each other. For purchasing summer houses and country homes, Russians often choose settlements such as:

  • Lappeenranta
  • Imatra
  • Savonlinna
  • Ruokolahti
  • Puma
  • Ristina
  • Mikkeli

Imatra and Lappeenranta are located at the southernmost corner of the region and are closest to the Russian border. The distance from Imatra to St. Petersburg is210 kilometers....while it's only to Lappeenranta.40 km.

The population of Imatra reaches about29,000a person, and everything in7 kmThe Russian settlement of Svetogorsk is located just outside the city. A plot of land with an area of approx.1300 square metersYou can purchase from here for the construction of a residential house.20,000 euros.

Lappeenranta and Savonlinna

Lappeenranta with a population of approx.72,000The residents represent an important economic and cultural center of the Finnish region of South Karelia. In this city, there are two-story cottages available by the lake, with prices ranging from250,000 to 500,000 euros.

Savonlinna is a small but very picturesque town located in the province of South Savo. The city is surrounded by numerous national parks and protected areas. Thanks to the many bridges connecting the different parts of the city, it is sometimes calledFinnish Venice.

In this city, there are land plots with water access that are approximately3500 square metersnot less than60,000 - 70,000 euros.

A peaceful life in Puuma

Puuma, located along the Saimaa water route between Savonlinna and Lappeenranta, is known for its quiet and measured provincial life. The population here increases significantly during the summer season: from the end of June to the end of July, the number of Puuma residents quadruples as summer cottagers and residents of Finland's major cities such as Helsinki, Tampere, Lahti and Kouvola arrive.

Real estate in this region is quite affordable. For example, a house with an area of100 square metersA plot with water access ten kilometers from Puuma can be purchased for a starting amount of200,000 to 300,000 euros.

This makes the region attractive to those seeking tranquility and scenic beauty.

Why do Russians prefer real estate on Lake Saimaa in Finland?

Conclusion

In concluding my review on Lake Saimaa and its unique investment opportunities in real estate, I would like to emphasize how attractive this place is for those seeking harmony between nature and comfortable living. This paradise in southeastern Finland offers not only picturesque views and the tranquility of pine forests but also a stable real estate market that continues to attract many buyers, especially from Russia.

Despite the initial economic downturn observed in 2009, the local market has shown impressive recovery dynamics, highlighting a sustained interest in real estate in the Saimaa region. Each year, the number of people wishing to transition from the hustle and bustle of the city to a peaceful life by the water is growing. Often, Russians purchase homes not for commercial investments, but for enjoyable time spent with family and friends. This indicates that Lake Saimaa is not only an opportunity to invest money but also to create a retreat where one can enjoy picturesque landscapes filled with fresh air and tranquility.

advantages

  • Nature:unique picturesque landscapes and silence.
  • Stable real estate market:high stability and growth dynamics.
  • The interest of the Russians:a large number of buyers for leisure rather than for investment.

When considering the possibility of buying real estate in cities like Lappeenranta or Savonlinna, it's important to take into account not only the cost but also the unique atmosphere of each of these places. Against the backdrop of beautiful natural landscapes and developed infrastructure, we have the opportunity not only to acquire a cottage but also to welcome the culture and tranquility of Finnish nature into our lives.

Conclusions

I sincerely hope that my research will help readers better understand the advantages of living by Lake Saimaa and the opportunities this region offers. If you are looking for the perfect place for a vacation or a country home, I highly recommend considering this nature-rich and graceful corner of Europe. It offers you not just a place to live, but a whole world filled with new experiences, health, and harmony with the environment.

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