>>JackYo+b3
Helsinki is currently an interesting case, technically having oversupply of apartments. It's because the rising interest rates cratered the buyers' budgets -- the result is a mild downward trend in prices, definitely no crash. Building companies sit on a large supply on finished unsold apartments but steadfastly refuse to lower prices even a bit.
New construction has halted completely. Seems like the construction sector will rather hold their finished stock and wait for the demand side to pick up due to necessity (people still move in to the city), or due to interest rates eventually going down.