As electric vehicles gain popularity in Finland, their influence extends beyond roads and into real estate. One key factor shaping property values today is the availability of EV charging infrastructure in residential buildings. 

Here’s how EV charging stations can impact apartment values in Finland:

Increased Demand for EV-Friendly Apartments

With Finland’s commitment to carbon neutrality by 2035, the number of EVs is growing rapidly. Homebuyers and renters are increasingly seeking apartments equipped with charging stations, making properties with this feature more desirable.

According to a report by the Finnish Real Estate Federation, apartments with EV charging stations saw an average price increase of 3-5% compared to similar properties without them in 2023. This heightened demand often translates to higher property values and faster sales.

Future-Proofing Investments

Apartments with EV charging capabilities are seen as future-proof investments. As the EV market continues to expand, properties without charging infrastructure may face decreased appeal. Homeowners’ associations (taloyhtiöt) that proactively install chargers position their buildings as modern and forward-thinking, attracting eco-conscious buyers.

A case study in Espoo revealed that a residential complex that installed EV chargers experienced a 15% faster resale rate compared to nearby buildings without such facilities.

Competitive Edge in the Housing Market

In competitive real estate markets like Helsinki, having EV charging can set an apartment apart. Buyers are willing to pay a premium for the convenience of charging at home, especially during Finland’s long, cold winters.

A survey conducted by Motiva in 2022 showed that 68% of potential homebuyers considered EV charging stations a significant factor in their purchasing decisions. This added feature can be a decisive factor in purchasing decisions.

Impact on Rental Income

For landlords, EV charging stations can justify higher rental prices. Tenants with electric vehicles prefer properties that accommodate their needs, reducing vacancy rates and increasing rental income potential.

A rental property analysis in Tampere indicated that apartments with EV charging facilities commanded rental premiums of up to 10% compared to similar units without them.

Energy Efficiency and Sustainability Appeal

Finnish buyers value sustainability. Properties with EV chargers often align with broader energy-efficient features, such as solar panels or smart energy management systems.

In a 2023 survey by Statistics Finland, 54% of respondents indicated that sustainability features, including EV chargers, significantly influenced their property purchasing decisions.

This synergy enhances the property’s appeal and can boost its market value.

Regulatory Influence

EU directives and Finnish government incentives encourage the installation of EV chargers in residential buildings.

For example, the Finnish government’s support program covers up to 35% of installation costs for housing companies.

Compliance with these regulations not only avoids potential legal issues but also enhances the property’s attractiveness to future buyers.

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How can KotiCharge charging operator help property managers on the way

• KotiCharge plays a pivotal role in supporting the growing demand for EV charging infrastructure in Finland. By offering smart charging solutions tailored for residential buildings, KotiCharge helps property owners future-proof their investments.
• Our technology enables efficient energy management, supports spot price invoicing, and provides flexible billing options. Property managers can enjoy the same workflow as before, without having to worry about EV charging; making it easier for homeowners’ associations to adopt EV charging solutions.
• KotiCharge’s commitment to sustainability and customer-centric service ensures that properties equipped with their chargers not only meet current market demands but also stand out in the competitive real estate landscape.

Ready to get started? Contact us today or check out our social media channels to see how KotiCharge is revolutionizing EV charging.

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