Nordic property deals hit a record driven by overseas interest

Stockholm

THE Nordic property market could reach new heights this year as foreign investors continue to drive demand after 2015 delivered the highest transaction volumes ever.

Pangea Property Partners, which tracks real estate transactions, estimates there were 905 deals in 2015, valued at 39.4 billion euros (S$60.3 billion) across Sweden, Norway, Finland and Denmark. That's 36 per cent above deal values in 2014. Pangea monitors transactions for properties exceeding five million euros in everything from residential real estate to office space and hotels.