As a political bloc in Finland pushes for a federal bill to limit the purchase of real estate to Finns and other European Union citizens, Russians wanting to buy property in their northern neighbor are facing a cold gust of Nordic air.

Though both precedent and political sentiment in Finland give the bill little chance of becoming law, the proposal suggests mixed feelings about Russians, who in 2010 bought more than 400 properties in Finland for a total of 56 million euros ($75 million).

The bill, spearheaded by the Center Party, a bloc that makes up about 18 percent of Finland’s parliament, makes the case for EU-only real estate ownership by citing national security and heritage. It was drafted in November and introduced to parliament this month.

There is little doubt that it’s targeted at Russians, as Norway, Switzerland and Iceland, which aren’t EU nations, are exempted, while Russia, other CIS countries and the countries of the former Yugoslavia would be affected.

Pertti Salolainen, vice chairman of the Finnish parliament’s foreign affairs committee and a member of the National Coalition Party, told The Moscow Times that his party isn’t backing the proposed legislation. The country’s new president, to be sworn in March 1, is a National Coalition member.

“We think that it’s a good thing that there are more Russians buying in Finland,” he said in a telephone interview Friday.

News articles in Helsingin Sanomat, a Finnish publication owned by the same company as The Moscow Times, have commented on Russians who “bring revenue to eastern Finland but also arouse suspicions,” as one headline read. According to Salolainen, Russian purchases of homes have raised speculation about money laundering, while at the same time improved the economics of Finland’s east, which had experienced an exodus of Finns.

According to 2010 figures from Finland’s National Land Survey, Russians bought 413 properties in Finland that year, with more than 300 of those purchases concentrated in two regions. There were about 400 properties picked up by Russians in 2009 and 780 properties in 2008, the Land Survey’s Mervi Laitinen said by e-mail.

Though Salolainen’s National Coalition Party doesn’t like the anti-foreigner sentiment in the bill, it does have its own concerns with Russian-Finnish real estate: It wants the Russian government to give Finland “reciprocity” by allowing Finns to buy property close to home.

Since January 2011, when President Dmitry Medvedev banned foreigners from acquiring land in the republic of Karelia and other northwest border areas, Finns have been prohibited from owning property in some of the territories nearest to them.

“We don’t think that [such] large border zones are necessary,” Salolainen said, referring to the buffer that Russia has effectively established between it and Finland.

Finland’s dominant party also wants Russia to make its land registry more transparent, so that it will be easier to determine if Finns can acquire a given property, Salolainen said.

PKP S.A., the Polish State Railways, puts up for sale three plots placed in the core centre of Warsaw at Chmielna and Al. Jana Pawta II streets. The official proclamation has been made today (14 September 2011). The tender process is organized and coordinated by Cushman & Wakefield, a global commercial real estate advisory firm.

The owner of the property is the State Treasury, and its eternal usufructuary is Polskie Koleje Pa?stwowe S.A. (The Polish State Railways). The sale of the properties will be made in a type of an oral tender.

The subject of the first tender process will be the right of eternal usufruct to the land comprising two plots of a total area of 9,767 sq.m (no. 33/4 and 33/5, district 6-01-10) with ownership rights to buildings and improvements on the land. Asking price is net PLN97m.

The subject of the second tender process will be the right of perpetual legal right to the land of an area of 7,411 sq.m (no. 33/3, district 6-01-10) with ownership right to buildings and improvements on the land. Asking price is net PLN74m.

The subject properties are placed in the core centre of Warsaw at the junction of Chmielna street and two main arterial routes Al. Jana Pawta II and Al. Jerozolimskie. There is the Palace of Culture and Science, the main railway station and Ztote Tarasy retail office complex in the direct neighborhood. Central location provides convenient access to all means of transport.

The offered holdings are unique in terms of their location in Warsaw’s Central Business District, size, shape and legal status. Presently the area where the subject properties are placed is not covered by a local development plan.

According to the adopted planning study the subject properties are suitable for mixed use, allowed for the development height over 30 m. Sample development concepts have been ready, where land use is residential, services and office development comprising around 44,000 sq.m of leasable/sale area for the first two plots and 46,000 sq.m for the third plot.