Finnish portfolio manager: Sweden's real estate market could be facing heightened problems
Recession in the remainder of 2023 is now looking even more likely than before, says Tomi Suominen, portfolio manager for real assets at United Bankers in Helsinki.
Over the past 12 months, real estate investors have been facing a perfect storm, says Tomi Suominen, portfolio manager for real assets at United Bankers in Finnish daily Helsingin Sanomat. Inflation is increasing the expenses of real estate owners, borrowing money is more expensive than it used to be, and property values are dropping.
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