A professional property investor in Finland has been ordered to pay €133,000 in damages after cancelling a contract for a new home.
The Supreme Court declined to grant leave to appeal, finalizing the lower court's ruling against the buyer.
The case highlights the strict legal consequences for purchasers who attempt to withdraw from binding agreements, even when market conditions deteriorate.
The investor had cancelled the purchase citing a downturn in the housing market.
However, the courts determined that market weakness does not constitute a valid legal ground for contract termination without penalty.
The ruling reinforces the principle that commercial and professional buyers bear significant risk when entering fixed-price agreements for new construction.