Kuvassa Espoon Asuntojen kiinteistö Niittykummussa.

Financial responsibility

For us, financial responsibility means good financial management, a sense of solidarity and the steady and long-term delivery of economic benefits to our stakeholders.

We make sure that there are reasonably priced homes in Espoo. The predictability of rents and fair distribution of rental profits are also part of our financial responsibility. 

We operate on a cost-price principle. Our rental income is used for repairs and loan servicing, and thus for the improvement of the homes, living environments and properties for the benefit of our residents.

A good occupancy rate guarantees affordability

The high occupancy rate of our homes, along with the low turnover of residents, indicates a good price-quality ratio.

The occupancy rate of our homes has been at the level required by the City of Espoo, at least 98 per cent, for a decade. As a responsible actor, our goal is to increase the occupancy rate further by developing our processes. This is the best way for us to ensure that housing costs remain predictable and rental profits are distributed fairly.

Responsible partnership

Espoon Asunnot requires that its partners also act responsibly. For our partners, we are a fair and reliable partner: we strive for long subcontracting agreements and continuous development of our operations.

Approximately 100 cooperation and contracting partners are responsible for the maintenance and repairs of our properties. When choosing partners, we comply with the Act on Public Contracts. One of its objectives is to promote quality procurement.

We require our contracting partners to be responsible. Our partners in the construction sector must be part of the service’s Reliable Partner programme.

A rental home is a good alternative to owner-occupied housing

More and more people are choosing rental housing instead of owner-occupied housing. The appreciation of rental housing is one of the important themes of financial responsibility for Espoon Asunnot.

The difference between municipal and private rental housing is currently small. Particularly in the case of new production, it is difficult to see any differences – or at least they are small: for example, the city’s rental homes may not have a dishwasher or mirrored sliding doors, which may be standard equipment in market-based homes. There may also be a difference in the content of electronic services available to residents, but that difference is narrowing all the time.

The right organisation of daily work, with competitive tendering, planning and control practices, is a tool for good management of finances and the bearing of financial responsibility.