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Operating environment

Market position and competitors

YIT operates in 8 countries: in Finland, Russia, Estonia, Latvia, Lithuania, Slovakia, the Czech Republic and Poland. 

In Finland, we are the largest residential developer and one of the biggest business premises and infrastructure constructors. 

In Russia, we are the largest foreign residential developer and one of the top operators in the CEE countries, except for Poland, where the operations have just been launched.

Market sizes and main competitors

YIT has four segments: Housing Finland and CEE, Housing Russia, Business Premises and Infrastructure, and Partnership Properties. Partnership Properties segment was established on January 1, 2018 and the operations of the segment will focus on ownership and creating financing structures for large development projects. Implementation regarding projects remains with the other three segments:

  Housing Finland and CEE Housing Russia Business Premises and Infrastructure
Operating countries

Finland, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia, Poland

Seven regions in Russia: Rostov-on-Don, Yekaterinburg,
Kazan, Moscow, Moscow region, St. Petersburg, Tyumen

Business premises: Finland, Estonia, Latvia, Lithuania,
Slovakia Infra: Finland

Market position

Market leader in Finland, one of the major operators in the CEE countries, excluding Poland, where operations began in 2016

Largest foreign housing developer

One of the major operators in Finland, strong foothold in the Baltic office market, a small but growing business premises constructor in Slovakia and the Czech Republic

Customers Households, private and institutional investors

Primarily households

Businesses, the public sector and institutional investors
Main competitors

Lemminkäinen, SRV, Skanska, Bonava, Lehto Group, Lapti, JM, Lujatalo, Hartela, Merko, Nordecon, Central Group, Finep, Dom Development, Robyg and smaller local operators in different cities

PIK Group, LSR Group, Etalon Group and local operators in different cities

Lemminkäinen, NCC, Skanska, Destia, VR Track, Peab, Graniittirakennus Kallio, Kreate, Jatke, SRV, Lehto Group and local operators in different countries

Market sizes

Housing start-ups, units (2016 estimate):
Finland 32,900
Slovakia 19,000
Czech Republic 25,700
Poland 170,000

Completed apartments, units (2016 forecast):
Estonia 4,500
Latvia 1,900
Lithuania 10,700


Completed apartments, units (2016 forecast):
Moscow 49,000
Moscow region 146,000
St. Petersburg 50,000
Russia 1,100,000

Business premises construction, EUR million (2016 estimate):
Finland 11,400
Baltic countries 3,600
Slovakia 2,200

Infrastructure construction, EUR million (2016 estimate):
Finland 6,500