So I’ve been looking the real estate market in Finland (not going to buy anything, just out of curiosity), and when I look at the price I always see Vh. and Mh. next to the price (sometimes it is the same price in both of the abbreviations and sometimes it’s different). What does that mean?

12 comments

  4. Mh. = myyntihinta, selling price. Price you pay to the current owner.

    Vh. = velaton hinta, debt-free price. Price you pay to the current owner PLUS the apartment’s share of the housing company loan.

  5. But why is the housing company’s debt something you buy? If I buy debt free what are the implications when it’s resold. This concept is weird.

  8. Just a note that “mh” and “vh” can also be used when describing apartment floor plan: makuuhuone (bedroom) and vaatehuone (walk-in-closet).

  10. In Finlnd, when you buy an appartment, you actually buy shares of housing company. Housing company needs to take loans every now and then for bigger repairs or improvements.

    Thats why you might be able to buy an appartment with some dept to housing company which ows it to a bank.

    thats why there is
    mh = myyntihinta , selling price
    vh = velaton myyntihinta, dept free price

    When I took mortgage, my bank forced to pay off all depts on the appartment – because they wan’t me to rathet pay them, than some other bank via housing company.

    This appartment you posted does not seem to have current dept.

  11. Newly built apartments are usually sold with 60% debt. For example apartment with (vh) 300000e is sold for (mh) 120000e. So you actually need to pay only 120000e when you buy apartment from construction company. Rest of the price 180000e is housing companys debt but tied to your specific shares of the company. You have to pay ”rahoitusvastike” monthly which housing company uses to pay back the debt.

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