OGELI is a new construction project of an 8-unit apartment building in the center of Helsinki, Finland. This small Scandinavian country enjoys one of the highest standards of living in the world, with the GDP growth consistently hovering over 4-5%, even in the period of financial crisis. The unemployment rate is only around 2-3% with most population living and working in large metropolitan areas clustered around 3 main city centers, Helsinki being the largest. Our extensive market research found that Helsinki city center is hugely under-served by residential dwellings for single residents and young couples. The local market experts have indicated that the demand for small size city apartments (under 60m2) is in excess of supply. We targeted this particular market niche as it seemed the most attractive from capital turn-over and return standpoint.
The estimate time of completion of the apartment building is Spring 2015.
Upon project completion, investors will have an option to buy the apartments at the pre-sale / construction phase. sales price and hold them for personal use. Renting the apartments and collecting rental income is also an option. The rental income in Finland is guaranteed by tenant insurance contracts which tenants are obliged to purchase when they rent properties. All apartments are sold with the land, which is included in the listed price of apartments.
Please contact us for further information and details relating to Ogeli project.