The housing market in St. Petersburg equals the Finnish housing market in size. SATO has operated in St. Petersburg since 2007. The share of investments in Russia is limited to a maximum of 10 per cent of the Group’s housing assets.
SATO’s buildings are located close to the centre of St. Petersburg and constructed in the 21st century. A central location is not the only common factor between SATO RentHomes in St. Petersburg and Finland; in both metropolises, singles form the largest customer group.
At the end of 2020, SATO owned 533 completed apartments and 0 apartments under construction in St. Petersburg. The economic occupancy rate of rental apartments in St. Petersburg was 91,8 per cent on average (2020). For the time being, SATO will refrain from making new investment decisions in Russia.