The Swedish property market has set a new transaction volume record of €38.7 billion (SEK 400 billion.)
The 2021 total is almost double the previous high of €21 billion (SEK 218 billion), according to the Newsec Property Outlook for Spring 2022. The commercial sector accounted for 65% and residential 35%.
Consorto has also seen strong investor interest for Nordic commercial property.
Underpinned by the strong economic growth of 4.7% in 2021, despite the COVID pandemic, Sweden’s CRE sector was the third strongest in Europe, ahead of France and catching up with Germany and the UK. There were 63 individual deals above SEK 1 billion.
Newsec predicts the Swedish real estate sector in 2022 could attract an investment volume of €33.87 billion (SEK 350 billion.)
Every quarter in 2021 saw the strongest transaction volume of all-time – Q1 was the strongest Q1 of all time (€5 billion/SEK 52.1 billion), Q2 was the strongest Q2 of all time (€10.45 billion/SEK 108.2 billion), Q3 was the strongest Q3 of all time (€8.29 billion/SEK 85.7 billion), and Q4 was the strongest Q4 of all time (€14.8billion/SEK 153.5 billion). The Q4 volume alone was stronger than the full-year transaction volume in 2018.
At €6.28 billion (SEK 65.0 billion), foreign investment was the strongest volume purchased since 2007. Industrial properties made up more than 40% of the volume within the industrial segment, and close to 70% of the volume within the logistics sub-segment.
Stockholm, the Swedish capital, accounted for almost half (47%) of total transaction volume in 2021 – its strongest share since 2009.
Find out more in our Nordic property market overview.