The year 2022 did not end well for the Finnish real estate market; investment in the sector fell 58% in the fourth quarter. Although the year began with the highest figures in history.

Investment in the Finnish real estate market fell 58% to €973 million between October and December 2022. Such data is presented by the international consulting company CBRE. Among the reasons for such a decline are uncertainty caused by global inflationary pressures and rising interest rates. 

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What is notable, however, is that the first half of 2022 was the most active in terms of real estate investments, with €4.53 billion invested during this period. In total, €7.2 billion was invested in Finnish real estate in 2022, which is 1% more than in 2021.

Analysts at CBRE believe that the first half of 2023 will also be “not rich” in terms of investment, with a projected decline of 5–10%. However, in the second half of the year, activity should increase.