Record high activity in Nordic real estate
From May 1st to August 11th, Pangea has registered a transaction volume of NOK 51.4bn in 113 transactions in Norway.
The corresponding figure for this period in the record year 2015 was NOK 36.0bn in 49 transactions.
«The second quarter in particular has been extremely intensive in the Nordic real estate markets. It takes 3-6 months to complete a transaction, sometimes even longer. For example, we have been working with Aurora Eiendom since last Summer. The Asset Buyout Partners process started last Autumn. Both materialized in May/June this year, says Bård Bjølgerud, CEO & Partner at Pangea Property Partners.
The Nordic real estate markets recorded a record high transaction volume in the first half of 2021. After an active Summer, the Nordic transaction volume YTD (per August 11th) amounts to EUR ~33bn, which is 75 percent higher than the same period last year.
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