Growth was mainly driven by the Swedish market, which saw a transaction volume of €9.9 billion in the first half, which is 44 percent higher than first half 2015. The Finnish and Danish markets also had solid increases in transaction volumes. Norwegian volumes were down from a very strong first half last year.

“While the picture varies among the individual countries, the trend for the Nordic region as a whole is very strong. There is a broad range of investors seeking property exposure and the activity is spread across many segments,” says Mikael Söderlundh, Head of Research and Partner at Pangea Property Partners.