Mossy forest floor in a sunlit spruce forest
Mossy forest floor in a sunlit spruce forest
Mossy forest floor in a sunlit spruce forest

Research & publications

Research and publications on the forest property market

Our work is grounded in researched knowledge, and we publish it ourselves as well. This page gathers our research, releases and other publications on the Finnish forest property market. Our valuation method, the Market Price Forecast, is a peer-reviewed statistical model, and we develop it continuously as transaction data accumulates.

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Latest publications

Research, press releases and market reports

  • 05/2026

    Shares in jointly owned forests offer buying opportunities for patient forest investors

    The market for shares in jointly owned forests is in many respects less efficient than the market for forest properties. This can offer attractive opportunities for buyers, but at the same time it can result in an unfair transaction price for sellers of the shares.

  • 05/2026

    Record supply of forest properties leads to a sharp increase in unsold listings

    Between 2018 and 2025, an average of 250 forest properties were listed for sale at any given time. Since 2023, this number has increased to 350.

  • 03/2026

    Economic profitability of different forms of forest ownership: a comparative study

    Read how different forms of forest ownership affect the economic profitability of forest ownership, taking current taxation and subsidy practices into account.

  • 03/2026

    What types of forest properties are selling in the current market?

    The forest property market is currently showing some signs of uncertainty due to declining stumpage prices and a slight weakening in transaction volumes and price levels. This raises the question of what types of properties are selling best under current market conditions.

  • 02/2026

    Risks of forest investing and how to manage them – a new expert analysis

    What risks are associated with forest investing in Finland, and how can they be managed? In this article, we present expert views on forest damage risks and financial risks related to forest investing and explain how Suomen Sijoitusmetsät Oy manages these risks.

  • 01/2026

    Strong year for the forest property market – record price levels and market volume in 2025

    There were plenty of both sellers and buyers in the forest property market during the past year, accompanied by strengthening price levels. The coming winter months are traditionally quieter, and the market will next be tested more broadly towards the end of spring.

  • 11/2025

    Forest investing: independently or with professional support?

    Forest investing offers both inflation protection and financial security, but it also comes with uncertainties of its own. Is professional support worthwhile when it comes to managing these risks?

  • 10/2025

    Forest property prices rising rapidly again – supported by favourable timber price development

    Forest property prices are rising again in 2025, supported by a strong start to the year in the timber market and higher stumpage prices, while transaction volumes remain active. At the same time, pricing is becoming more normalised: high-quality properties still sell above their asking prices, but the gap has narrowed significantly compared with previous years.

  • 09/2025

    Forest property market sees record activity in early 2025 – share of smaller properties increasing

    The supply of forest properties has reached a record high, giving buyers more options to choose from. In the current market, realistic asking prices and high-quality sales materials are increasingly important for a successful sale.

  • 05/2025

    Forest investing or residential property investing? A comparison of returns and risks

    A comparison of forest investing and residential property investing: returns, risks and sustainability. Read our expert assessment for investors.

  • 03/2025

    Forest properties still selling above asking prices – room for negotiation only in the north

    Forest properties are still selling above their asking prices. Transaction prices remain higher than asking prices, with considerable regional variation.

  • 01/2025

    Forest property market price levels held steady in 2024

    Rising interest rates have also affected forest property markets, but market price levels rose year-on-year in both 2023 and 2024.

  • 11/2024

    It is now a buyer’s market for forest land

    At the national level, every fifth forest property put up for sale now remains unsold.

  • 10/2024

    Total return on forest investment in 2023 was 3.9%

    At 3.9%, the total return on private forests in 2023 fell well short of the average of previous years. The sharp fall was driven by slower growth in forest property prices.

  • 01/2024

    Forest property market in 2023: price levels held steady year-on-year despite lower transaction prices in the second half

    In 2023, 1,681 publicly listed forest property transactions over 10 hectares were completed. This represents 8.6% fewer than in 2022 and 12.3% fewer than the average over the previous five years.

  • 10/2023

    Forest property price peak reached for now – trading continues at prices over 4% higher than last year

    The average price per forest land hectare has decreased by 2.9% from a year ago and by 4.0% from the previous three-month period in the third quarter of the year.

  • 08/2023

    Forest property market: record number of properties listed in the first half of the year

    The share of professional buyers in forest property transactions has decreased. This may give forest property buyers better opportunities to find higher-return properties than they have had in years.

  • 06/2023

    New report 1995–2022: inflation-adjusted forest property prices have risen by as much as 160 per cent

    The continuous and rapid rise in forest property prices during the 2000s has provided an excellent hedge against inflation, according to a recent report by Suomen Sijoitusmetsät.

  • 05/2023

    Suomen Sijoitusmetsät celebrates ten years of renewing the Finnish forest property market

    Our warmest thanks to every client and expert for ten eventful years.

  • 01/2023

    Forest property market in 2022: the hottest growth has calmed down

    Statistics from Suomen Sijoitusmetsät Oy and the National Land Survey of Finland reveal that the forest property market, which had accelerated in recent years, calmed down in 2022.

  • 11/2022

    Forest property sales: sellers received over one-fifth more than asked – price premium nearly 35 per cent in Southern Finland

    Although forest property prices have risen sharply in recent years, sellers continue to assess buyers’ purchasing power conservatively.

  • 08/2022

    Market review II/2022 – real price levels already declining

    The forest property market has continued without significant disruption in the second quarter of the year, and demand for forest land remains strong.

  • 06/2022

    Publicly brokered forest properties command price premiums of up to one-third

    The further north a forest property is sold, the greater the premium the seller receives for publicly brokered properties compared with the average forest property transaction, according to data from the National Land Survey of Finland and Suomen Sijoitusmetsät.

  • 04/2022

    Market review I/2022 – Ukraine and inflation

    The situation in the forest property market appears to remain relatively stable. No major upheavals have been experienced in the volume of forest property transactions or market price levels during the early part of the year, and the most significant drivers of change appear to be related to factors outside the forest property market.

  • 01/2022

    Ten per cent milestone surpassed

    The Suomen Sijoitusmetsät Market Price Index has shown a steepening curve throughout the year, and by year-end, a major milestone was reached: the market price level of forest properties rose by more than ten per cent in 2021.

  • 10/2020

    The market value method is acceptable for valuation in Sweden, so why not in Finland?

    According to the attached press release, Stora Enso will begin valuing its Swedish forest assets using the market value method.

  • 09/2020

    Market Price Index for forest properties Q2/2020

    A graph of the Market Price Index for forest properties in mainland Finland, produced by Suomen Sijoitusmetsät Oy. The price level of forest properties continues a very steady rise. The exceptional circumstances of the spring and summer do not, at least yet, appear to have had a major impact on the price level.

  • 05/2020

    Forest property Market Price Index Q1/2020

    The Market Price Index for forest properties in mainland Finland, produced by Suomen Sijoitusmetsät Oy, was updated at the beginning of 2020.

  • 01/2020

    Forest property Market Price Index Q4/2019

    The value of the Market Price Index for forest properties in mainland Finland continued its strong growth in the final quarter of last year, although it levelled off slightly at the very end of the year.

  • 11/2019

    Market Price Index for forest properties Q3/2019

    The Market Price Index graph for forest properties across all of mainland Finland even shows signs of exponential growth following the third quarter of the current year.

  • 10/2019

    Press release: the market for forest properties is more stable than its reputation suggests

    There have been no dramatic changes in the transaction volumes or prices of small and medium-sized forest properties in recent years. This is revealed in the latest forest property market review by Suomen Sijoitusmetsät Oy.

  • 10/2019

    Forest property Market Price Index Q2/2019

    Graph for the combined data of mainland Finland for the forest property Market Price Index Q2/2019.

  • 10/2015

    Liquidity has increased

    Forests grow regardless of economic cycles, but the liquidity of the asset class is essential for investors, especially if returns are not sought solely through timber sales.

  • 10/2015

    Benefit from diversification

    For example, the US-based Harvard Endowment has increased its share of real assets to 25 per cent. Of this, 13 per cent consists of investments in natural resources, half of which is forest.

  • 05/2014

    Profitable forest investment

    In a profitable investment, income exceeds expenses. The majority of forest income is generated from timber sales, while forest management and timber harvesting incur costs.

  • 05/2014

    Returns and risks of forest investment

    Forestry is a stable, secure, and predictable investment, the return on which consists of forest growth, timber assortment transitions (waste wood – pulpwood – sawlogs), and increases in timber prices.

  • 05/2014

    Forest value

    Forests provide many types of benefits, so their value is also a variable concept. Forest value can be associated with natural values or timber production value, but most often it refers to market price, i.e., fair value.

  • 05/2014

    Even-aged forestry or continuous cover forestry?

    Forest management and silviculture can be quite diverse. From an investment perspective, the most important factor is that forestry is profitable.

  • 08/2013

    Forest property as an investment

    They say money doesn’t grow on trees. On the other hand, according to old wisdom, forests are green gold. We believe that with the right decisions, a forest is an excellent investment!

Media: statistics, market data and expert commentary on the Finnish forest property market for editorial use. Contact us for media materials.

Media materials

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The same methods we publish are at work in every engagement. Tell us your portfolio objectives and we will show you what the research says against them. We always start with analysis, not sales.

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Mika Venho

Mika Venho

CEO

+358 10 5730 200

palvelu@sijoitusmetsat.fi