An IMGW News Report
Finland is taking decisive action in response to growing national security concerns linked to property acquisitions by Russian nationals. In recent months, the government in Helsinki has taken steps to curb the potential security risks posed by foreign-owned real estate, particularly those connected to Russia.
A draft law, submitted to lawmakers in early February 2025, aims to prevent Russians from purchasing property in Finland, particularly near critical infrastructure, in the wake of heightened fears that such assets could be used to exert influence or pose threats to national security.
Initially proposed in September 2024, the bill reflects Finland’s increasing unease over property deals involving individuals with links to Russia. Defence Minister Antti Hakkanen emphasized that the primary objective of the bill is to restrict Russian property purchases, highlighting the growing concern that such holdings could be exploited amid ongoing geopolitical tensions with Russia. Finland, a NATO member state sharing a border with Russia, has long been vigilant about its security, and these new measures are seen as part of a broader effort to safeguard the country against potential hostile influences.
In addition to blocking new purchases, the Finnish government is also exploring whether it can confiscate existing properties believed to pose a threat. A 12-month project launched by the Ministry of Defence is examining the possibility of amending current legislation on the expropriation of immovable property. Minister Hakkanen stressed the need for more effective methods to address properties that may later be found to jeopardise security, pointing out that real estate can be used not only for military purposes but also to interfere with critical infrastructure and vital societal functions.
Finland’s proactive stance follows a series of security concerns related to Russian-linked properties, such as fortified buildings, hotels tied to loss-making enterprises, and land purchases close to essential infrastructure. The government has already been intervening in transactions involving foreign buyers, denying permits for two Russian-linked purchases in February 2025, further reinforcing its commitment to protecting national security.
These efforts come alongside Finland’s consideration of a full ban on Russian real estate purchases, with the draft law expected to be presented to Parliament before the end of the year.
