Foreclosed forest property in Virolahti, Virolahti

Specific terms of sale

Method of submitting bids

The property will be sold by ascending bids in an online auction held on www.huutokaupat.com between 5 October and 26 October 2026. Registration is required to participate in the auction. The deadline for submitting bids is 26 October 2026 at 11.00 or two minutes after the last accepted bid.

The National Enforcement Authority Finland is not responsible for the functionality 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 will separately decide whether to accept or reject the highest bid. 

If it is not possible to submit purchase offers through the Huutokaupat.com service, a prospective buyer may submit a written purchase offer to the enforcement authority, to be included in the online auction as the maximum bid according to the automatic bidding system. The written offer must be signed and state the bidder’s contact details, the maximum amount of the offer and the item number on the Huutokaupat.com service to which the offer relates. A written purchase offer is binding and is subject to the same terms as an online auction bid. The offer must be submitted by 22 October 2026 at 10.00 at the Kouvola office of the National Enforcement Authority Finland, address Vuorikatu 1, 45100 Kouvola, or by email to kouvola.realisointi.uo@oikeus.fi.

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

Bids submitted in the online auction are binding. If a bid is accepted, the bidder must 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 20 per cent of the purchase price as a deposit into the National Enforcement Authority Finland’s official funds account. The deposit cannot be paid by credit card. The National Enforcement Authority Finland will contact the bidder whose highest bid has been accepted. The highest bidder must state on whose behalf the bid was made. Otherwise, the highest bidder will be deemed to be the buyer.

Payment period

If necessary, a payment period for the remaining purchase price will be granted until 16 November 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(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 without delay after acceptance of the bid.

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

Other information

The property has been foreclosed and will be sold by a free sale conducted by the enforcement officer, applying, where appropriate, the general auction terms laid down in the Enforcement Code. The sales prospectus is indicative and does not provide a comprehensive description of the property for sale.

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

The State has a right of first refusal in the sale of real property if acquiring the property is necessary to ensure national defence, border control or border security, or to monitor or safeguard territorial integrity (Act on the State’s Right of First Refusal in Certain Areas, 29 March 2019/469).

Persons from outside the EU and EEA may acquire real property in Finland only if a permit is granted for the acquisition (Act on the Permit Requirement for Certain Real Property Acquisitions, 29 March 2019/470). The buyer is responsible for obtaining the permit and fulfilling the obligations arising from it. Further information is available on the Ministry of Defence website.