PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
Nordic property valuations near bottom, as buyers start to return, says advisor Newsec
The bottom of the Nordic property market is starting to appear, albeit in diverse ways across all four of the main nations, and buyers are coming back gradually in a mild reflection of what is happening in the London market, according to Nordic property adviser Newsec. Prices in Norway and Denmark have begun to stabilise although the bottom has not yet been reached in Sweden, Finland and the Baltic countries. The rental market weakened significantly in the past year but the trend varied between nations and cities. One reason for the stabilisation now in Norway is the country's faster economic recovery due to its substantial oil and gas exports. In Copenhagen the stable trend in rents for prime assets mean prices should not sink much further.