What is "hitas"

Hitas is a system for regulating the price and quality of apartments in Helsinki, Finland. The system is intended to provide affordable owned apartments to Helsinkians. Apartments within the Hitas system are set a maximum selling price already when the lot is signed over for construction, and this maximum selling price may not be exceeded even when selling the apartment afterwards. The system includes approximately 18 thousand apartments, all of them in Helsinki.

Hitas regulated apartments are generally a little less expensive than those on the free market, depending on the location and date of building. All Hitas apartments are situated on lots rented from the city.