•The level of foreign investments has increased more than twelve times in relation to the foreign investment level in 2009 which was around EUR 1 billion 1.

•U.K. and North America have the highest growth rates of cross-border investors.

•Investors from within the Nordic Region historically dominate the Nordic investment market.

•Foreign investment flows are negatively and more significantly correlated with yield movements than domestic investment flows.

Due to its impact and distinctive features, the increase in cross-border investments has experienced an increased interest. As a result, cross-border investments (i.e., foreign investments), has become an interesting topic in the academic commercial real estate literature

How did the surge in foreign investments affect Nordic yields in recent years?