The Supreme Administrative Court of Finland has ruled against the Real Estate Management Federation and six associated real estate management companies, imposing a fine of €6.56 million for their involvement in a price-fixing cartel. This decision follows an investigation by the Finnish Competition and Consumer Authority (FCCA), which found that these entities had coordinated to raise prices of real estate management services from 2014 to 2017.

Initially, the FCCA proposed penalties totaling €22 million, citing the companies' efforts to manipulate the national price level in the real estate management sector. In December 2022, the Market Court imposed a lesser fine of €4.93 million, which prompted an appeal from the FCCA and the involved companies.

On June 26, 2025, the Supreme Administrative Court concluded that the actions of the Real Estate Management Federation and the companies represented a serious and deliberate restriction of competition. The court noted that their activities aimed to influence price development in an anti-competitive manner, affecting the entire sector.

While the Supreme Administrative Court acknowledged that the violation was significant and nationwide, it determined that the scope was narrower than initially presented by the FCCA. Nonetheless, the court decided to increase the penalties imposed by the Market Court, reflecting the serious nature of the competition infringement.