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Property prices in Scandinavia recovering

[ Posted September 22nd, 2009 ]

In property price news from Scandinavia, reports state that prices in Norway and Denmark have begun to stabilize, Analysts point out, however, that prices have not yet bottomed out in Sweden, Finland and the Baltic countries.

It was also reported that the rental market throughout the region is weak, although again, some countries are stronger than others.

Marie Bucht, Head of Advice at Newsec , points out that Denmark is leading the recovering, with stable trend in rents in Copenhagen.

Falling rent levels in Sweden and Finland , depite low interest rates, show that there is no rebound there yet, but the rates are falling at a slower extent than previously.
 
Rents in Oslo are expected to stabilize towards the end of 2009, while in Stockholm the largest falls have porbably already occurred.

There is a long way to go to return to normal, however. In the first half of 2009 transaction volume on the Nordic and Baltic property markets declined 80% to a record low. Numbers are similar in other Scandinavian countries.

 
 
 
 
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