Finland: Real Estate and Construction

Finland's land use planning system is undergoing a major overhaul with the proposed Land Use Act, introducing significant changes to regional plan authority, planning processes, and renewable energy project requirements. The reform aims to streamline administrative procedures while imposing new distance requirements for wind turbines and planning obligations for solar power plants that will fundamentally reshape how developers approach renewable energy projects.

Finland's Customs have issued a press release making public an investigation into the suspected export of technical documents from a nuclear power plant construction project to Russia.

The new Building Act entered into force in Finland at the beginning of 2025. On 17 December 2024, Parliament also approved the amendments to the Act.

Finland's land use planning system is undergoing a major overhaul with the proposed Land Use Act, introducing significant changes to regional plan authority, planning processes, and renewable energy project requirements. The reform aims to streamline administrative procedures while imposing new distance requirements for wind turbines and planning obligations for solar power plants that will fundamentally reshape how developers approach renewable energy projects.

Tailored tax policy reforms announced by the Finnish Government have been in the spotlight in recent weeks. These new significant initiatives are expected to improve Finland's investment attractiveness.

In light of the changing security environment, the Finnish Parliament adopted an amendment to the Act on Transfers of Real Estate Requiring Special Permission (in Finnish: laki eräiden kiinteistönhankintojen luvanvaraisuudesta) in April 2025 (the "Amendment").