YIT supports first-time home buyers by offering them the first year free of common expense charges

YIT Corporation Press release, March 28, 2019 at 07:00 

First time home buyers YIT
First time home buyers YIT

YIT is offering first-time home buyers in Finland an opportunity to live the first year in their new home without having to pay any charge for common expenses. In other words, YIT will pay the maintenance charge, the financing fee and the plot share charge, if applicable, for the first 12 months.

“First-time buyers do not pay an asset transfer tax on housing shares. Together, the financial value of the tax benefit and the benefits offered by YIT are considerable,” says YIT’s Eeva Hirvijärvi, Vice President, Marketing.

The Sustainable Urban Environments 2018 barometer implemented by YIT in the autumn revealed that the age of the apartment plays a major role for the millennials. Up to 60 per cent of people aged 18–35 prefer to live in a new apartment, while only 19 per cent would choose an older home.

There are probably many reasons for this, but efficient energy solutions, functional layouts, the possibility to request alterations and the absence of renovation concerns attract many.

“We want to offer this benefit so that as many people as possible will be able to buy a brand new apartment as their first home.  When the cost of living in the first year is low, it is possible to buy a home, even if, for example, there were some uncertainty about employment. When you do not need to prepare for renovations in your apartment or in the building, the monthly cost of living is predictable for several years ahead,” says Hirvijärvi.

YIT’s first-time buyer benefit applies to newly-built YIT Koti homes and those currently under construction. The campaign is valid until the end of August 2019. The benefit is available for those who:

-       are 18–39 at the time of the transaction

-       will own at least 50 per cent of the apartment after the transaction

-       buy the apartment for their permanent residence and move into it within six months of the transaction or the transfer of ownership

-       have not owned 50% or more of a housing share or house at the time of the transaction.

More information:
Today’s home buyer wants a home that is ready to move into

For further information, please contact:
Eeva Hirvijärvi, Vice President, Marketing, YIT Corporation, tel. +358 (0)50 371 2867, eeva.hirvijarvi@yit.fi
Hanna Malmivaara, Senior Vice President, Group Communications, YIT Corporation, tel. +358 (0)40 561 6568, hanna.malmivaara@yit.fi

YIT is the largest Finnish and significant North European construction company. We develop and build apartments and living services, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers, our nearly 10,000 professionals are creating more functional, more attractive and more sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, the Baltic States, the Czech Republic, Slovakia and Poland. The new YIT was born when over 100-year-old YIT Corporation and Lemminkäinen Corporation merged on February 1, 2018. Our pro forma revenue for 2018 was approximately EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com