Stockholm emerging among Europe’s property hotspots

The Swedish capital is one of the best places in Europe for property investments, according to a recent report.

The news comes via the Urban Land Institute and Pricewaterhouse Coopers, whose analysts ranked Stockholm as number four among European cities regarding real estate acquisition opportunities. The study, entitled ‘Emerging Trends in Real Estate Europe’, ranked Stockholm number five overall and number one in the Nordic region.

The report said that a high number of real estate transactions in Stockholm, in addition to high sales volumes, make buying and selling properties easy. It said that the most promising areas of the market are commercial offices, with retail properties, apartments (residential) and hotels trailing behind, respectively.
Despite the optimism, the report warns however: “Time will tell who owns the right assets that will perform and who owns the bad retail assets. The sector will mature in the years to come,” the Swedish Wire reports.

Meanwhile, Thames River Real Estate Securities Fund in London has deemed Stockholm real estate investment opportunities to be the best they have been in years and said they offer some of the best prospects anywhere when looking ahead.

The firm’s manager, James Wilkinson, said: “Our judgement is that property, offering average yields of 6 percent to 6.5 percent across the UK and Europe with the likelihood of further income growth to come, remains attractively priced. We are particularly positive on prime property in Central London, Paris and Stockholm but are more negative on Benelux, Southern Europe and the UK regions.”

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