Olas Group, which builds wooden geothermal homes in the Helsinki metropolitan area, continued profitable and steady growth despite a challenging market. Known as a bright spot in the construction sector, the company exceeded its 2023 growth targets, increasing revenue by 25% to 17.7 million € and operating profit to 1.6 million €. After a strong…
We are actively looking for plots in Espoo, Vantaa, and Helsinki that are suitable for detached housing construction. Choosing the right plot is a key factor in the success of a building project, as it lays the foundation for residents’ everyday lives in the new homes. Homes built on well-located plots provide easy access to essential…
Euribor is the Eurozone interbank reference rate, set based on offers provided by central banks within the European banking system. It reflects interbank lending rates and influences general interest rate levels. Many mortgages are tied to Euribor, which means changes in the rate directly affect mortgage costs. The 12-month Euribor variant is the most commonly…
Geothermal heating The popularity of geothermal heating as the primary energy source for single-family homes is growing, while direct electric heating and oil heating are on the decline. When a geothermal system is installed in a building, both space heating and domestic hot water are provided by renewable and emission-free thermal energy. This energy form…
It’s 7:00 a.m. when the alarm goes off. I get up, open the curtains, and take care of my quick morning routine. I prepare some breakfast and eat in the morning twilight. I put on a pot of coffee. While waiting, I set up my workstation, which at the moment is located on the sunny…
The design service offered by Olas enables customers to realize their individual wishes in new home construction projects. Responsible of Olas’s customer service Hannamari Peltomaa makes dreams come true for a living. She shares in the anticipation of a new home with future residents of Olas homes, and all kinds of customer wishes are part…
Olas Group Oy, a builder of wooden geothermal homes in the Helsinki metropolitan area, is swimming against the current in a challenging market, continuing profitable and controlled growth. The company forecasts this year’s revenue to reach at least 17 million € with an operating margin of around 10%. Revenue for January–July was 9.55 million €,…
In the first half of 2023, around 300 construction companies went bankrupt in Finland, more than a hundred of them being residential builders. Unsold apartments have left a large and growing gap in many builders’ cash reserves, and as expenses continue, payment difficulties, corporate restructurings, and more bankruptcies may follow. For homebuyers, it is therefore…
Buying a home is a significant decision. That’s why before signing the purchase papers, it’s worth considering the choice from several different perspectives. We’ve listed below a few things you should think about when buying a home. Read on for the best tips related to location, floor plans, zoning, features, and the future housing market….
I’m Anna Saariaho. I’m moving into an Olas home with my two children, and I work as an entrepreneur. An important criterion for me was the location of the home: I wanted schools to be nearby, convenient access to the metro station, and good transport connections. In addition, I wanted the apartment to be of…
Are you thinking about buying your own home? The housing market situation varies, but generally it makes sense to buy a home when your future plans are clear, you have saved up the down payment needed for a mortgage, and your financial situation allows for regular loan repayments. Below, we’ve gathered six questions to help…
The Helsinki metropolitan area–based construction company Olas Group has appointed three independent professionals to its board to support the company’s growth ambitions. Pekka Vähähyyppä, Anna Tapio and Elina Rahkonen will now take part in shaping Olas’s future. Among the company’s founders,Henri Kajula will continue as Chair of the Board, while outgoing board members shift their…
Olas Group, specializing in the construction of wooden geothermal homes, continues its impressive growth during a challenging period for residential construction. The company’s revenue grew by more than one-fifth in January–July compared to the same period last year. Olas has been described as a bright spot in the industry—and with good reason. While the sector…
Olas builds small detached homes in prime locations across the Helsinki metropolitan area in accordance with the RS system. The RS system is designed to protect those who purchase a home while it is still under construction. For many buyers, the RS system and its related terms may be unfamiliar, so here we explain the…
Who among us, when making New Year’s resolutions, could have guessed how turbulent the world would soon become? High inflation, rapidly rising interest rates, Russia’s brutal war of aggression in Ukraine, and the resulting European energy crisis have, according to Statistics Finland, driven consumer confidence to record lows. Yet, according to a survey published by…