Outlook for 2014

Economic development in Finland will remain uncertain, even though low growth is forecast to continue in 2014.

Demand for rental housing is expected to remain high, while no changes are predicted in supply. New construction is focusing on privately financed rental apartments.

VVO's financial occupancy rate and resident turnover look to remain at the current high level. Compared to the general industry outlook, VVO's rent increases will remain moderate, as they were a year before. VVO's rents will increase at the beginning of March 2014 by approximately 1.5 per cent in the Cost Principle product group and by 3.25 per cent in the Market product group.

Group profit performance is expected to remain strong, particularly in the VVO Non-subsidised business.