Pangea: Nordic Real Estate Still Trending Positive
The Nordic property markets will continue to perform well, according to the new report Real Estate Outlook 2017 produced by Pangea Property Partners.
“The strong investor demand for Nordic real estate in recent years is now combined with more sellers putting their assets for sale,” says Mikael Söderlundh, Partner and Head of Research at Pangea Property Partners.
The identified sellers are for example property funds about to reach expiry, property companies who want to streamline their portfolios by divesting non-core assets and various private investors seeing good exit opportunities in the current market. In addition, there is increasing sell focus among municipalities, owner-occupiers and developers.
“Several international investors will probably also realize their profits in the Nordic markets in 2017, but there are new large global property funds, many with core and core+ profile, entering the market at the same time,” adds Söderlundh.