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Briefing note

Nordics, the new core?

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The investment volume in the Nordics totalled nearly €19bn in H1 2017, in line with the very high volumes recorded over the past three years.

In Norway the half-year turnover nearly doubled and Denmark reached a peak. Sweden failed to reach the high that was set during H1 2016 but remained 19% above the long-termaverage. The lack of suitable prime opportunities in Finland restrained the activity of the market, whilst cross border interest strengthened.

The combined effect of stable political climate, strong economic conditions and good position in the property cycle makes the Nordic region a core target for both domestic and foreign investors.

Cross border investment totalled €5.5bn reflecting an increase of 23% compared to H1 2016.

The multifamily segment has been growing continuously over the past 10 years and accounted for 28% of all property investment in H1 2017.

The average Nordics prime office yield moved in by 25bps annually (3.75%), but remains more attractive than in core countries, where the average prime office yield is 3.5%.

Source : Savills

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