A recent analysis of Datscha’s transaction data for the Finnish commercial real estate market shows that Finland, after many years of economic downturn, finally shows very strong figures in 2017.
“There is a lot of positive buzz in the Finnish commercial real estate market, and there is no sign of it slowing down. On the contrary, we believe that transaction volumes will remain high”, says Kristina Andersson, Global Head of Research at Datscha. ”In 2017, transaction volumes in Finland reached their highest ever levels totalling a record €10.4 billion, exceeding the previous record of €7.5 billion in 2016. It's a Finnish all-time high" says Andersson.
American investors show interest in the Finnish office market
Datscha's data shows that the real estate sector that has proved to be the most popular is the Finnish office market, which accounted for 45 percent, an increase of 147 percent compared to 2016. The proportion of foreign buyers in the Finnish real estate market amounts to 70 percent in 2017. It shows a significant increase to 2016 when foreign investors accounted for only 29 percent.
"Low interest rates, both in the Euro region and in the US, has created large capital flows to countries with good growth potential. Finland has become an increasingly hot market", says Andersson.
Foreign investors in the Finnish commercial real estate market in 2017*
*Transactions over €4 million – international capital flows to Finland
To view the full details and stats, please download the full version of the Finnish Property Market Review 2017 here.
For more information regarding the Finnish Property Market Review 2017, please contact:
• Kristina Andersson, Global Head of Research, +46 (8) 50 70 53 60, [email protected]
• Matti Uusivirta, Head of Sales Finland, +358 40 865 1413, [email protected]
• Taru Kuusisto, Account Manager & Research Finland, +358 44 501 6698, [email protected]
• Johan Hopstadius, Global Head of Marketing, +46 (0)76-634 20 05, [email protected]
Datscha is the leading provider of property research intelligence, property information and analysis of commercial real estate. We operate in Sweden (2000), Finland (2010) and the UK (2015), and have over 900 client companies (banks, real estate consultants, agents and owners) in 7 different countries. Through our web-based service, we provide instant access to information on all commercial properties as well as an efficient tool with which to analyse property market data, providing insights and business development leads to our customers.
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