International real estate investments increase in Helsinki

Foreign real estate investments in Helsinki at their highest for four years.

Investments in the Helsinki region by international real estate investors increased significantly during 2013 compared to the previous four years, according to Erkki Hakala, CEO of Catella Property Oy, a leading real estate property transactions advisor in Finland. “We are returning to the same level of investments that existed before the boom in 2007,” says Hakala in an interview with the Finnish newspaper Helsingin Sanomat.

According to Helsingin Sanomat, international real estate investors did not really discover Finland until the early 2000s but since then they have acquired properties worth at least EUR 15 billion. Most of the investments have been made in the Helsinki region. The high point was in 2007 when international investors acquired property worth almost EUR 4 billion.

Safe investment location

Finland has been viewed as a safe real estate investment location by German, Swedish, British and American investment funds, among others. Large shopping centres have been the most attractive investment targets and Helsinki has been the most popular investment location in Finland for international real estate investors.

“We have hoped that foreign investors would also bring the international retail chains to our markets,” says Hannu Penttilä, Deputy Mayor of the City of Helsinki. He extends a warm welcome to international real estate investors from the City of Helsinki.

Source: Helsingin Sanomat