Sweden Real Estate Market Outlook 2021

The Sweden Real Estate Market Outlook in 2021, by CBRE's Research Team, anticipates an "uneven recovery" following the rapid changes of 2020. The Swedish economy is projected for robust GDP growth in 2021 (3.0%) and 2022 (3.7%), recovering faster than the Eurozone due to less severe contraction in 2020. However, the real estate market will experience varied impacts across sectors, largely influenced by the pace of vaccine distribution and the lifting of restrictions.

Investment is expected to favour defensive and secure asset types such as multifamily residential, logistics, and healthcare, which demonstrated resilience during the pandemic. Retail, particularly big-box formats, is attracting renewed investor interest due to changing consumer patterns and the widening price discrepancy with other asset classes.

Office and hotel sectors face a more uncertain recovery, with investment activity dependent on improved visibility in occupier markets as conditions normalise later in 2021. Logistics is booming due to e-commerce growth, driving significant new development. Operational real estate, especially healthcare, remains a stable and attractive asset class, though predominantly for domestic investors.

Download the report for full insights.