Residential property in Metsäkulma subject to enforcement seizure, Kotka

Property-specific terms of sale

Method of submitting bids

The property will be sold by increasing bids in an online auction held on the website www.huutokaupat.com from 5 August to 26 August 2026. Participation in the auction requires registration. The deadline for submitting bids ends on 26 August 2026 at 12.00 noon, or three minutes after the last accepted bid.

The Enforcement Authority is not responsible for the functioning of the service provider’s system. The highest bid is the bid that the service provider’s system has accepted as the highest. The enforcement officer decides separately on accepting or rejecting the highest bid.

The enforcement authority reserves the right to end the sale or extend the sale period.

If it is not possible to submit bids through the Huutokaupat.com service, a prospective buyer may deliver a written bid to the enforcement authority, which will be included in the online auction as the maximum bid according to the bidding system. The written bid must be signed and must state the bidder’s contact details, the maximum amount of the bid, and the item number on Huutokaupat.com to which the bid relates. A written purchase offer is binding and the same terms apply to it as to the online auction. The bid must be submitted no later than 20 August 2026 at 12.00 noon in the letter box in the lobby of the Kotka office of the Enforcement Authority, address: Vuorikatu 5 C, 48100 Kotka, or by email to kouvola.realisointi.uo@oikeus.fi.

Bids submitted in the online auction are binding. If a bid made is accepted, the bidder is obliged to pay the offered purchase price within the stated payment period. Failure to pay the offered purchase price may result in the buyer’s liability for compensation under Chapter 5, Section 25 of the Enforcement Code.

Payment terms

Deposit

If the highest bid is accepted, the buyer must immediately pay a deposit of 20 per cent of the purchase price into the Enforcement Authority’s official funds account. The deposit cannot be paid by credit card. The Enforcement Authority will contact the highest bidder whose bid has been accepted. The highest bidder must state on whose behalf the bid was made. Otherwise, the highest bidder is deemed to be the buyer.

Payment period

If necessary, a payment period for the final purchase price will be granted until 16 September 2026. The payment period must be agreed separately. If a payment period is used, annual interest on the full purchase price must be paid in accordance with section 3, subsection 2 of the Interest Act for the entire agreed payment period from the date of sale until the end of the payment period.

If no payment period is used, the purchase price must be paid immediately after acceptance of the bid.

If payment is not made within the prescribed time, the buyer must pay default interest on the full purchase price in accordance with section 4, subsection 1 of the Interest Act until the purchase price has been paid or a new sale has been carried out.

Other information

The property has been seized and is being sold by public sale conducted by the enforcement officer, with the general auction terms laid down in the Enforcement Code applied as appropriate. The sales brochure is indicative and does not provide a complete description of the property.

Buyers are advised to familiarise themselves carefully with the property, the sales brochure and the attached documents before submitting a bid.

The State has a pre-emption right in real estate transactions if the acquisition of the property is necessary to ensure national defence, border control or border security, or to safeguard or secure territorial integrity (Act on the State’s Pre-emption Right in Certain Areas 29.3.2019/469).

Persons from outside the EU and EEA are only entitled to acquire real estate in the territory of the Finnish State if permission is granted for the acquisition (Act on the Permit Procedure for Certain Real Estate Acquisitions 29.3.2019/470). The buyer is responsible for obtaining the permit and for the obligations arising from it. More information is available on the Ministry of Defence website.