The transaction volume of the Swedish market during the first six months of 2009 was 0.9 billion euro, which is the lowest level for the last ten years.  It’s a drop of 80% compared to the same period the year before. These figures can be found in  the latest Newsec Property Report (a report which we write twice a year,  and one of our most important tools to prove our business idea - The Full Service Property House in Northern Europe.)

But we now see signs of a stabilization in Norway, while Stockholm and Helsinki still have a decline in prices, although now more slowly. In Europe the market for transactions is slowly coming back to normal and foreign investors are again interested in London, Paris and Germany. However, in spite of some positive signs we don’t think the market will hit bottom until 2011.

But of course I hope we’ll be proven wrong.

Arvid Lindqvist
Analyst