Sweden Real Estate Market Outlook 2024

The transaction market in Sweden had another challenging year in 2023. The situation looks set to turn around in 2024, according to CBRE's assessment of conditions in the various property segments.

CBRE Sweden Real Estate Market Outlook 2024

• Property investment volumes reached SEK 87 billion in 2023, down just over 70% from the record year of 2021. With interest rate cuts expected in the summer, CBRE sees conditions improving in the second half of 2024.
  
  
• ESG remains relevant for minimising portfolio risk when stricter regulations come into force. Interest in these issues is also growing among tenants. On a positive note, CBRE's research shows that certified office buildings generate rental premiums.
  
  
• Classic core products such as housing and offices lost further volume in 2023. The appetite for higher returns will remain as long as interest rates are high, while many international investors remain interested in the Swedish market.