"Overall, we estimate that economic expansion in Finland will slow to well below the average level as early as the second half of 2008, and a recovery cannot be expected until 2010," Nordea said in a statement.
"Still, the Finnish outlook is fairly reasonable compared to many other countries. Overall, the macroeconomic balance is in good shape and the housing market has been more stable than elsewhere in the Nordic countries."
I agree, once with Nordea, correction have already begun in Sweden, Denmark and Norway. Finland, like in the 1990's, has always lagged. I don't know why and the reason, maybe due to the media, or common belief that "this time it's different".
But Now, like an apple being thrown in the air, it's ultimately being stopped by the "affordability" gravitational forces. Thinking that it can stay magically in suspension, is like telling that finns don't drink...I don't believe that, do you?