Swedish Investment Volume Seen Higher in 2010

STOCKHOLM-Transaction volume for Swedish property investment should continue on an upward trend throughout 2010 with increased investor appetite emerging from domestic institutions, property funds, German property funds and international pension funds, according to realtor Savills. Transaction volume so far in 2010 is already over 55% higher than in Q1 2009.

“The ability to secure debt has become easier in Sweden, which has been a driving force behind this significant increase in transactional volumes,” says Peter Wiman, Savills Sweden head of research. “Furthermore, the property allocation element of many pension funds is low due to the recovery of the stock market, which has therefore created an opportunity for these investors to increase their property portfolios.”