Nordic housing market showing strength, but not without risks
Ahoniemi, Katja; Putkuri, Hanna (04.05.2021)
JulkaisusarjaBank of Finland. Bulletin
JulkaisijaBank of Finland
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi:bof-202105251256
The Nordic residential and commercial real estate markets recovered quickly from the first wave of the COVID-19 pandemic. House sales and property investment flows have been strong despite the uncertain economic outlook. The rise in house prices – even rapid in some regions – and growth in lending emphasise the existing vulnerabilities of Nordic banks. On the property investment market, the pandemic has reinforced ongoing trends, such as growth in the share of residential property in professional real estate investors’ portfolios.
The accessible version: https://www.bofbulletin.fi/en/2021/1/nordic-housing-market-showing-strength-but-not-without-risks/