Local sites:
Corporate site:

Operating environment

Short-term outlook by region

As published in the January-June 2020 half-year report.

Housing

Q2 market situation Market outlook
Finland
  • Consumer activity recovering but not yet at the level of 2019. The recovery is visible also in growing number of mortgage applications for banks.
  • Private property investor demand moderate.
  • Institutional investor decision making returning more active after the uncertainty caused by the coronavirus pandemic.
  • Availability of housing company loan financing expected to remain limited and difficult
Baltic countries
  • Consumer demand starting to recover but expected to stay below the level of 2019.
Central European countries
  • Consumer demand starting to recover but expected to stay below the level of 2019.
Russia
  • Consumer demand continues to focus on reliable contractors.
  • Low mortgage interest rate is expected to support sales.

Business premises

   
Finland
  • Property investors becoming more active and readiness to make decisions normalising.
  • Rental demand recovering also among mid-size companies.
  • Contracting market remains stable as cities have large volume of projects ongoing and in preparation.
  • In longer term, the need for office premises is expected to remain stable even though remote work will become more common.
Baltic countries
  • Contracting market staying slow due to uncertainty caused by the coronavirus pandemic.
  • Price level staying low due to intense competition.
Central European countries
  • Property investors becoming more active.

Infrastructure projects

   
Finland
  • Market expected to remain stable due to complex infrastructure projects in urban growth centres, transport projects and industrial investments.
  • State stimulus packages are supporting the infrastructure sector during the winter and next year.
Baltic countries
  • Price level staying low due to intense competition.
  • 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 preparation.
  • Development and renewal of energy production in Norway supporting demand.
Q2 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.

Sending...