Nordic real estate investment 'attractive'
Friday, 1 October 2010 6:00 PM
Investors buying a home in Denmark, Sweden, Finland or Norway are entering the market at the right time, according to Aberdeen Asset Management.
Speaking at the Global Investment Club webinar hosted by Property Week, the company's head of global investment strategy Alessandro Bronda said the Nordic markets have seen strong growth in investment activity and all are expected to outperform the eurozone.
"The prime yield spread over interest rates currently is very favourable," she commented.
"This is also a similar situation for other markets in Europe, but I think it is an attractive time to be buying into property now."
Ms Bronda went on to say that the busiest markets have been Norway and Sweden, while last year's office rents are also recovering from the trough they entered last year.
Recent figures from the Investment Property Databank revealed that institutional pooled European property funds have undergone a marked recovery over the 12 months to June.
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