Each month the examples are picked from calculations for city centres so that every option is shown where it leaves the most wealth. The figures come from the same calculation as the comparison above.
Across 99 calculations (11 city centres, studios, one-bedroom and larger flats, 5, 10 and 20 years) the most wealth is left by right of occupancy in 60, buying in 39 and renting in none. Renting leaves the most wealth only if maintenance charges rise two percentage points a year faster than assumed (12 calculations). Of the assumptions, the growth of home prices matters most: in the examples a change of two percentage points a year moves the gap between buying and renting by €31,500 on average.
00100 Helsinki
Studio 35 m² · 10 years
Wealth after 10 years
After 10 years buying leaves the most wealth (€135,851), €18,530 more than right of occupancy. Buying overtakes renting in year 4.
Prices +1.0% and rents +2.1% a year in this area
Work it out with your own numbers33100 Tampere
Studio 35 m² · 5 years
Wealth after 5 years
After 5 years buying leaves the most wealth (€38,054), €1,766 more than right of occupancy. Buying overtakes renting in year 3.
Prices 0.0% and rents +2.1% a year in this area
Work it out with your own numbers20100 Turku
1 bedroom 55 m² · 5 years
Wealth after 5 years
After 5 years right of occupancy leaves the most wealth (€66,106), €4,349 more than buying. Buying overtakes renting in year 5.
Prices +1.1% and rents +2.1% a year in this area
Work it out with your own numbers02100 Espoo
Studio 35 m² · 5 years
Changed assumption: no right-of-occupancy flat is available
Wealth after 5 years
After 5 years renting leaves the most wealth (€58,637), €25,722 more than buying. Buying overtakes renting in year 24.
Prices -2.4% and rents +2.1% a year in this area
Work it out with your own numbers40100 Jyväskylä
1 bedroom 55 m² · 20 years
Changed assumption: maintenance charges rise two percentage points a year faster than assumed
Wealth after 20 years
After 20 years renting leaves the most wealth (€91,843), €20,240 more than buying. Buying does not overtake renting within 30 years.
Prices -2.0% and rents +2.1% a year in this area
Work it out with your own numbersEstimates, not financial advice. Wealth is what each option leaves after the period: home value less loan and selling costs, the ASO fee refund and savings. Sources: Statistics Finland, ECB statistics.