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Operating environment

Short-term outlook by region

As published in the January-March 2020 interim report.

Housing

Q1 market situation Market outlook
Finland
  • Consumer activity returning to the level of 2019 beginning, private property investor demand moderate.
  • Institutional investor decision making slowing down due to uncertainty caused by coronavirus pandemic.
  • Obtaining housing company loan financing expected to become more difficult in Finland.
Baltic countries
  • Consumer demand slowing down due to uncertainty caused by coronavirus pandemic.
Central European countries
  • Consumer demand slowing down due to uncertainty caused by coronavirus pandemic.
Russia
  • Consumer demand slowing down due to uncertainty caused by coronavirus pandemic, demand focusing on reliable contractors.
  • Mortgage interest rates expected to decrease to 6.5% followed by the decision of the state.

Business premises

   
Finland
  • Property investor decision making postponed due to uncertainty caused by coronavirus pandemic.
  • Rental demand decreasing as decisions are being postponed.
  • Contracting market remains stable as cities have large volume of projects ongoing and in planning.
Baltic countries
  • Contracting market slowing down due to uncertainty caused by coronavirus pandemic.
Central European countries
  • Property investor decision making slowing down due to uncertainty caused by coronavirus pandemic.

Infrastructure projects

   
Finland
  • Market expected to remain stable due to complex infrastructure projects in urban growth centres, transport projects and industrial investments.
Baltic countries
  • Price level continues to decrease.
  • Contracting market slowing down.
Sweden and Norway
  • Infrastructure construction expected to remain at a good level due to traffic infrastructure development programmes and urbanisation development.
  • Large-scale road, railway projects and industrial investments ongoing and in planning.
  • Development and renewal of energy production in Norway supporting demand.
Q1 market situation: Good, Normal,  Weak 
Market outlook, 12 months:
Improving, Stable, Weakening

YIT operates in Finland, Russia, Scandinavia, the Baltic States, the Czech Republic, Slovakia 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.

As of April 1, 2019, YIT's five reportable segments are Housing Finland and CEE, Housing Russia, Business premises, Infrastructure projects as well as Partnership properties.

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