Mikael söderlundh colliers
After a groundbreaking record with a transaction volume of more than EUR 71 billion, we look behind at a far more modest and a decrease by 31 percent.
Colliers Listed Overview 2023
However, despite the large decline inthe volume stands at a strong EUR 49 billion which is the second best in history, according to Nordic property advisor Colliers. While the number of deals has decreased by 13 percent to approximatelythe average deal size has reduced even more from EUR 53 million to EUR 39 million. Volume decreases in all Nordic countries except Finland.
All Nordic countries, except Finland, are facing a downturn in transaction volume. Sweden, being the largest market in the region, is down 42 percent, Norway is down 35 percent and Denmark is mikael söderlundh collier 18 percent. In Finland, being the only country not facing a negative development, the volume is up four percent compared to The cooldown is partly fueled by higher interest rates and a gloomier overall economy.
Monthly Report March 2023
In total, the listed property sector is down 45 percent YTD A big change from is that the listed property companies have gone from net buyers to net sellers. Last year the listed companies accounted for 49 percent of all mikael söderlundh colliers in Sweden and 27 percent in the Nordics. This year, the equivalent figures are 16 and 8 percent respectively.
Instead, we have seen property sales and equity issues to handle a tougher financing climate and credit rating requirements. Continued Nordic interest for foreign investors. Foreign investors continue to be net buyers, accounting for 39 percent of all acquisitions and 21 percent of all sales in the Nordics. This means net purchases of EUR 8.
Pohjoismaiset kiinteistömarkkinat täysin hiljenneet
In Denmark and Finland, the share of foreign buyers is 64 percent and 49 percent respectively. Residentials continues to be the largest segment. Despite a slowdown, residentials continues to be the largest segment, accounting for 28 percent of the total volume, followed by logistics accounting for 19 percent.
Public properties and offices both accounts for 17 percent each of the volume. Retail has seen an upswing and increased from 9 to 13 percent, driven by some large sales of mikael söderlundh collier store portfolios and well-known department stores in central Helsinki and Copenhagen. When entering a higher interest rate environment, the market will naturally transform and we expect to see new investors and interesting deal opportunities, including both asset and corporate transactions.
Download attachments. Residentials continues to be the largest segment Despite a slowdown, residentials continues to be the largest segment, accounting for 28 percent of the total volume, followed by logistics accounting for 19 percent. Transaction volume Transaction volume EURbn.
Positive property outlook, but inflation a double-edged sword
Number of deals. Average deal size EURm. Foreign buyers. Foreign sellers.