Heka’s average rent will be 4 per cent higher in 2023 than this year. Next year, the average rent in regular Heka housing units will be EUR 12.60 per square metre per month, compared to EUR 12.10 this year.

Heka’s average regional rents will be EUR 11.72–EUR 14.25 per square metre per month next year.

The main reason for the rent increases is the significant increase in financing and heating costs. Other contributing factors include the general cost trend and the increase in the number and costs of repairs. However, the rent increase is not enough to cover the increased costs, instead in 2023 a significant amount of surpluses accumulated from previous years will be used.

Heka’s rent increases have been quite moderate in recent years, averaging only 1.5 per cent per year.

The board of the Helsinki City Housing Company (Heka) confirmed the rents for 2023 at its meeting on 18 October 2022. Residents will be informed of their next year’s rent by the end of October.

Heka determines rents using absorption pricing

The total rent charged by Heka is determined using absorption pricing, which means that the rent we charge covers the apartments’ construction, renovation, maintenance and administration costs.

Heka’s total absorbed costs are divided into regional average rents and then into site-specific average rents based on utility values according to the location, condition, building type, equipment standard and quality level. 

Heka’s rents are significantly lower than average in the Helsinki region. At present, Heka’s average rent is about 44 per cent lower than the average rent for non-subsidised housing in Helsinki.