Kohtuuhinnolla

Kohtuuhinnolla is a pricing system used in Finland, specifically for the acquisition of real estate. It was introduced as part of the country's government-subsidized housing program in the 1960s. The system allows low-income residents to purchase homes at prices significantly lower than market value.

The principal idea behind kohtuuhinnolla is to provide affordable housing options to those who are struggling to make ends meet. By subsidizing the cost of a home, the government aims to promote homeownership among low-income individuals and families. This helps them build long-term economic stability and reduces their reliance on rental housing.

Under the kohtuuhinnolla system, individuals or families enter a lottery to purchase a government-subsidized home. Applicants are typically selected based on financial need. The home's purchase price is significantly reduced, and in some cases, may be as low as one-third of the market value. However, the homebuyer may still need to secure a mortgage to cover the remaining costs.

It is essential to note that not all homes in Finland are subject to the kohtuuhinnolla pricing system. Many homes are sold at market value, without government subsidies. The kohtuuhinnolla program operates through a regional quota system, with local authorities managing the allocation of subsidized homes based on local needs and available funding. Overall, kohtuuhinnolla continues to be a vital component of Finnish social housing policies, promoting affordable homeownership among low-income segments of the population.