From an investment perspective, this year hasn't been great for extending, although all of the extra money has gone straight into an investment, our house. While this is normal, it doesn't generate income and will always be somewhat of a cost - at best, it serves as a store of value and I do consider it a better option than renting, especially in Finland where the rental prices are high and then the service fees on top can be quite ludicrous.
On top of that, most of the apartment buildings are built on rental land, which can add a lot to the yearly costs. We own the land ours is built on, so the rates are lower. There have been some recent cases where the rental land tax in some areas have increased by 500% and people have been forced from their homes. Rent-seeking behavior at its finest.
Dear @tarazkp, Perhaps Finland has a small population and a small manufacturing industry, so rents seem too expensive. Is your property value low because your home is far from the city?
Currently, real estate prices in Korea have risen significantly due to the influx of Chinese and Southeast Asians.
Koreans expect that the size of the Korean economy, affected by the development of the Chinese economy, will surpass Italy.
Certainly, China's economic growth gives the expectation that the size of the East Asian economy will soon surpass Europe.
As far as I know, Finland has a small population, so it has a small manufacturing industry.
I wish my friend @tarazkp's financial difficulties will be resolved.