Helsinki is the eighth most attractive real estate investment destination in Europe, according to the Emerging Trends in Real Estate® 2011 Europe report published by PwC and Urban Land Institute. In last year’s report Helsinki was ranked in 14th position.
Helsinki has benefited from the positive attitude among investors which is based on the general state of the economy and the economic outlook for the Nordic countries, according to Niko Kivelä, who is responsible for PwC’s Corporate Finance Services.
One year ago experts in the real estate sector were expecting the European property market to start showing significant growth but this failed to materialise. According to the latest report, 2011 will also not be the turnaround year that the European real estate industry had hoped for. It is now likely that a “two-speed” market will emerge in Europe that reflects a widening gap between investment hotspots and second-tier property markets.
Emerging Trends in Real Estate® Europe 2011 is based on the opinions of 600 industry experts. The report addresses European investment trends, capital markets, markets to watch, and the latest developments in the multifamily, retail, office, industrial, and hotel sectors.
Source: Taloussanomat, Urban Land Institute