Finland Market Outlook 2021


Finland remains a politically stable country with a highly educated workforce and reliable legislative environment that supports long-term investments into different real estate sectors. Reopening the economy and the lift of travel restrictions will bring the foreign capital back into Finland on a larger scale in 2021. Finland, the most international Nordic country in terms of investment activity (57% of volumes in 2020), has had one of the strictest restriction policies on international travel during the pandemic and we anticipate that the lifting of restrictions at the country’s borders will see cross-border investors from Europe, Asia and the US make a comeback.

The sectors that will see most attention in 2021 are multifamily, logistics and core offices along with nursing homes.


  • In Finnish offices, the flight to quality will proceed and the high investor demand for core offices will be maintained. Occupiers will go from cautious speculation in the first half of 2021 to creating new strategies around the increased flexibility and hybrid way of working in the second half of the year.


  • Multifamily sector’s growth parade continues with strong investor demand, both domestic and foreign, for Finnish rental apartments and Finnish households’ growing preference for renting an apartment, not owning it.


  • Logistics properties will be highly sought after as the lack of supply in investable products will be supported by the continuing growth of e-commerce.


  • The search for alternatives will persist: The demographic trend of a rapidly ageing population and the structural trend of municipality outsourcing continue to favour the care and public property market in Finland.


Read more from our Finland Market Outlook 2021 report.