hitas
Hitas is a Finnish housing model that aims to provide affordable housing while preventing speculation. Developed in Helsinki, the system allows for the construction of apartments that are sold at a price below market value. However, the resale price of these apartments is also regulated. When a hitas apartment is sold, the price is determined by a formula that takes into account inflation and construction costs, rather than the current market demand. This means that while owners can build equity, they cannot profit excessively from the sale.
The primary goal of the hitas system is to ensure that housing remains accessible to a broader
While hitas housing offers a more affordable entry point into homeownership, it also comes with certain limitations