Finland Halts Real Estate Purchase by Russian Citizen
Finland's defense ministry in January halted four real estate transactions in Sipoo that a Russian citizen attempted to conduct. The decision on this matter was made on January 13.
Jan 27, 2026 0
The case highlights Finland«s ongoing restrictions on property acquisitions by Russians under recent laws.
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The Ministry of Defence of Finland prevented the conclusion of four real estate transactions in the municipality of Sipoo in the first month of the year. All attempts, according to reports, came from one Russian citizen.
According to the ministry, a 41-year-old man planned to buy three properties for housing, without having permanent residence in the country. He intended to acquire the fourth property through a company registered in the city of Vantaa. In all four cases, the counterparty was the same seller.
This case became the latest known intervention by the Finnish military ministry in real estate operations carried out by Russians on the country«s territory.
Recall that since July last year, Finland has had legislative amendments in force that prohibit citizens of Russia and Belarus from buying real estate. However, as noted, the new norms only partially curb such transactions.
The ban does not apply to persons with dual citizenship of Russia and an EU or EEA state, as well as to those who have permanent residence in the EU issued by Finnish authorities. According to statistics from the National Land Survey, last year Russians acquired 55 real estate properties in Finland: 35 before the law came into force and 20 after its adoption.
In mid-December, mass media reported on the seizure of a villa belonging to businessman Boris Rotenberg.
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