Sweden hits new heights
Total investment in Swedish property last year reached SKr 160 billion (€17.37 billion), the highest level since 2008. SKr 69 billion (€7.49 billion) of that, or 43 percent, was transacted in the final quarter. Savills Sweden reports both higher liquidity, with transaction volume up by 26 percent compared to 2013, and a larger average deal size, at SKr 300 million (€32.57 million) last year against SKr 235 million (€25.51 million) in 2013.
The firm says that there was “solid demand” for all types of assets, with residential property being the most favoured investment class, with SKr 37 billion (€4.02 billion) of homes sold in 2014. There was also an increased investor interest in hotels, with transaction volumes hitting a 10-year high at SKr 8.5 billion (€92 million). International investors accounted for SKr 29 billion (€3.15 billion) of activity, more than double the SKr 14 billion (€1.52 billion) of 2013.
“Transaction volumes have been very str