In a remarkable turn of events, 24-year-old Oliver Russell and his girlfriend, 20-year-old Helena Tomaszewska, have sidestepped the traditional housing market by purchasing a private island in Finland for just $31,000—less than the typical down payment on a house.
From California to Finnish Serenity
Oliver, originally from Laguna Beach, California, frequently spent his summers in Finland, embracing the nation’s cherished summer cottage culture. In August 2022, he relocated to Helsinki to pursue an international business degree, drawn by the allure of free education for Finnish citizens. It was there he met Helena, and together they envisioned owning a tranquil retreat.
An Unconventional Real Estate Find
While exploring property listings, Oliver stumbled upon a 2.5-acre island that had remained uninhabited for over a decade. Listed at $36,569, the couple successfully negotiated the price down to $31,000.
This amount is notably less than the average down payment for a home in Finland, which typically ranges between 25% to 30% of the property’s value.
Transforming Wilderness into a Home
Upon their first visit in June 2024, Oliver and Helena found the island densely overgrown and lacking basic infrastructure. Undeterred, they began clearing the land, constructing a deck for their tent, and building an outhouse. Their ambitious plans include erecting a traditional log cabin and a sauna—a quintessential element of Finnish culture.
Balancing Studies and Construction
Both full-time students, the couple dedicates their weekends to developing their island sanctuary. Despite having no prior construction experience, they’ve embraced the challenges, learning new skills and relishing the tranquility their island offers. Oliver reflects, “Every time we go to the island, it doesn’t feel real that it is ours—it is so nice to be out there.”
A Creative Solution to Housing Costs
As housing prices continue to rise, Oliver and Helena’s innovative approach highlights alternative paths to homeownership. By thinking outside the box, they’ve secured a personal paradise that aligns with their dreams and financial means.