Report: Hottest property market since financial crisis

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Interest in real estate investment is extremely strong in Sweden and the volume of transactions in the Swedish property amounted 67 billion SEK during the first half of 2014. Intensity is at the same level as the records prior to the 2008 financial crisis, Savills reports.
The transaction volume in the second quarter was close to 41 billion, an increase of 31 percent compared with the same quarter last year.
Peter Wiman, head of research at Savills, comments: “The average transaction size is comparable to the previous economic boom in the property market and is likely a direct result of an increasing risk appetite, very good access to equity, and continued improved ability to obtain financing for property investment ‘
The strong interest in property investment comes in all segments of the property market. International and Nordic investors accounted for only 13 percent of the transaction volume, which means that the current trend where domestic buyers are net buyers has continued and Swedish investors net acquired for approximately twelve billion SEK. Usually international buyers don’t manage to outrank domestic buyers in the sales processes.
“We expect the transaction market will remain strong in the second half and it is not impossible that we, at the end of the year, will see record transaction volumes well comparable to the peak year of 2006 and 2007”, says research director Peter Wiman.