Nordic — The transaction year of 2023 is almost over and it will go down in history as one of the weakest since the turn of the millennium. The total volume for the Nordic region of just under EUR 20 billion is the lowest in a decade and the decline compared to 2022 is the largest since 08/09 during the financial crisis. However, Colliers' head of research Mikael Söderlundh tells Nordic Property News that the turnaround is close and that 2023 was probably the bottom year in this business cycle. Read about his predictions for 2024, the capital that needs to be spent and why the mood in the market has turned in recent months.