Pangea: Continued Record-level Transaction Pace on the Nordic Market
Nordic The number of transactions has increased during the early part of 2017 compared to the same period in 2016 and the transaction volumes are on par with the Nordic record year in 2016, according to a report from Pangea Property Partners.
The Nordic operations during 2017 amounted to EUR 7.4 billion, compared with EUR 8.1 billion in the corresponding period last year. In Sweden, the transaction volume was SEK 28.5 billion (EUR 3 billion) – the equivalent figure last year was SEK 30 billion (EUR 3.1 billion). The number of Swedish transactions has increased, from 65 in 2016 to 70 in 2017. Even in the Nordic countries, the number of transactions increased from 158 to 174.
The share of foreign investors who flocked to the Nordic market are higher than at the beginning of 2016, both in Norway and Sweden. In Sweden, the proportion has risen from constituting 27 percent to 40 percent in 2017.
According to Pangea's report is the increase in foreign investors looking to the Nordic countries and Sweden is due to the fact that they are looking for markets with sound macro-economic and political stability. Political unrest in other markets make the Nordic region an attractive investment destination.