Despite a global slowdown in economic growth and persistent political uncertainty, the Nordic real estate markets continue to benefit from a continued strong business cycle and low interest rates. High demand and restricted supply of modern offices in attractive locations are pushing vacancy rates down and driving a continued rental growth in the Nordic capitals. On the investment side, transaction activity is still high and sentiment positive. Interest in property investment continues to be high from foreign players, showing that the Nordic property market is still very liquid and attractive. Structural changes due to, among other things, digitalisation and increased e-commerce are increasingly affecting both demand and supply in the retail and logistics segment.
Listen to Cecilia Gunnarsson, Head of Research in Sweden and Tero Lehtonen, COO in Finland discussing the upcoming report.