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Only difference between Sweden and Finland is that Finland stopped all rent regulation in 1985.

I was a landlord during that era, and after few years of turmoil, most rents started go down.

Nowadays the rents are mostly costs + 40% -(32% capital gains tax) ie worse than most other investment. You only invest on housing because you expect home ownership raise on that area.

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Isn't rental income treated as income tax? It is in the U.S. Since tax is on the profit only, the tax would be on that 40%, so 32% of 40% so ~10%. You are still walking away with 68% of 40%, so 30% of your rental income is profit.

It is not. It is pure capital gains tax. Actually it is worse than that, because it can be difficult to prove what your true gains are. Loan costs for example are not easily tax-deductible, you must establish a firm for that.

I gave up landlording altogether, because for many years it was not worth the hassle. Most areas in Helsinki it is more profitable to keep the apartment empty and wait for the rich Russian, who buys it at +50%. In this building third of the apartments are empty or short-time rentals of some sort.

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