The Hippos development project brings a major construction boost to Jyväskylä. This 210 million euro investment will significantly increase building volumes over the next two years. Construction levels will be much higher than they would have been without the Hippos development.
Commercial property construction in Central Finland already shows small positive signs. Statistics from January to July reveal improving conditions in the property market. The national economy is slowly recovering and supporting commercial property market revival.
Julia Ruotsi, chief economist at the property owners association, said business premises demand should grow as economic conditions improve. Industrial space demand is also expected to increase. Remote work continues to reduce office space requirements, however.
The recovery appears strong enough to attract foreign property investors back to Finland. International buyers have returned to make purchases in the Finnish market.
This major infrastructure project comes at a crucial time for Central Finland's construction sector. While officials caution that a full housing construction turnaround cannot yet be promised, the Hippos investment provides substantial immediate relief to the industry.