Investors from the Nordic countries are expected to spend some EUR 4 bn on German property in 2007, almost double the amount invested in 2006, property magazine Immobilien Zeiitung reported on Monday, quoting leading Swedish law firm Mannheimer Swartling. Earlier this year, the firm put investment volumes for this year at just over EUR 2 bn.
Investors from the Nordic countries are expected to spend some EUR 4 bn on German property in 2007, almost double the amount invested in 2006, property magazine Immobilien Zeiitung reported on Monday, quoting leading Swedish law firm Mannheimer Swartling. Earlier this year, the firm put investment volumes for this year at just over EUR 2 bn.
While Norwegian funds fed by wealthy individuals are buying up portfolios in Germany 'on a considerable scale', investors from Denmark are focusing mainly on smaller-scale residential investments. Meanwhile, Swedish investors are interested primarily in residential and alternative properties such as nursing homes, Mannheimer Swartling said. Finnish investors have so far been reserved in terms of buying activity, the firm said.
