Kiinteistöverolain

Kiinteistöverolain refers to the real estate market cycle, which consists of periods of growth and decline in the real estate industry. The cycle is influenced by various economic, social, and political factors. The term is derived from the Finnish words "kiinteistö" meaning real estate and "verolain" meaning cycle.

The real estate market cycle typically includes four main phases:

1. **Expansion**: During this phase, the real estate market is growing. Prices are rising, and there is an increased demand for properties. Investors and buyers are optimistic about the future, leading to a high level of activity in the market.

2. **Peak**: The peak phase marks the highest point of the cycle. Prices reach their maximum levels, and there is a high level of activity in the market. However, this phase is often characterized by a lack of new listings, as sellers are waiting for the best possible price.

3. **Contraction**: In this phase, the real estate market begins to decline. Prices start to fall, and there is a decrease in demand. Investors and buyers become more cautious, leading to a decrease in market activity.

4. **Trough**: The trough is the lowest point of the cycle. Prices reach their minimum levels, and there is a low level of activity in the market. This phase is often characterized by a surplus of inventory, as there are more properties for sale than buyers.

The real estate market cycle can vary in length, but it typically lasts between five to ten years. Understanding the cycle is important for investors, buyers, and sellers, as it can help them make informed decisions and navigate the market more effectively. However, it is also important to note that the cycle is not always predictable, and unexpected events can cause it to shift.