Despite a current plateau in the Finnish commercial real estate transaction market, we are seeing promising signs of a turnaround. Liquidity is gradually increasing, and significant deals in the residential and logistics sectors, driven partly by international investors, indicate growing confidence. With fundamentals favoring these segments, we anticipate more noteworthy transactions on the horizon. Additionally, the anticipated interest rate cuts are set to bolster the market further, painting a brighter picture for Finland’s real estate landscape.
Finnish Real Estate Market Q2 2024: Amidst the challenges, there are signs of recovery. The real estate transaction volume in Q2 2024 was €817 million (-12% YoY). Despite the annual decline, the pace of the decline has slowed suggesting a more positive outlook for real estate transactions in Finland. In Q2, residential properties led all sectors with 55% of total volumes, followed by industrial and logistics at 32%, and retail at 7%. Residential demand has increased, attracting significant investments, including from international investors. The number of residential deals in Q2 was the highest in two years. Newsec expects transaction volumes to continue growing throughout the year with interest rates set to decrease further. For 2024, we anticipate a moderate rise in investment volumes compared to last year. You can download the segment-by-segment market reports on our website: https://lnkd.in/dtNCAyXB Questions? Contact: Head of Research, Valtteri Vuorio, [email protected]. #newsec #marketreport #Q2 #realestate
