NYHETER

NAI Global Market Report 2009

The world is larger than Norway and there is always a market out there. in 2009 they are few but the 23rd annual NAI global market report tells us which ones.

Commercial real estate markets worldwide are beginning to show the effects of an economic slowdown that started in the United States and has quickly spread far and wide, according to the 23rd annual Global Market Report released today by NAI Global. After several years of strong and often spectacular growth, transaction volume declined precipitously in 2008 and market fundamentals began to weaken as a lack of capital and a lack of confidence forced investors and corporate tenants to the sidelines.

The Norwegian commercial propety market will meet challenges in 2009, but there is hope that rescue packages and other measurments taken by the government will improve the development.

The international slowdown impacts Norway much due to general international uncertainty and the Norwegian markets being small. The fundamentals looks better in Norway than within our neighbours. We believe that Norway will improve as early as in late 2009, much due to a quick repricing in 2008, when we see the first positive signals from abroad, says Eiliv Christensen.

However, there will be large losses in value before the transaction volume picks up again. This is much due to falling rental levels and more insolvency among tenants in general.

Globally there is always a market to diversify your portfolio and NAI present 55 makets in the futuring Global Market Report of 2009. The NAI network is represented by NAI FirstPartners Næringsmegling in Norway.