Nordic Property Transaction Volumes Slump to Lowest in a Decade

The volume of commercial property transactions in the Nordic region fell to the lowest level in a decade last year, in an ominous sign for landlords needing to offload assets to bolster their finances.

In 2023, only €20 billion ($21.9 billion) of properties traded hands in the region, property adviser Colliers International Group Inc said in an emailed statement. Activity tumbled by 64% in Finland compared with a year earlier, while volumes in Norway, Sweden and Denmark slumped by slightly more than half.