2020 - The Roller-coaster Year

As 2021 is about to get started, we can look back on a very interesting and dramatic year for the commercial property market. The worst fears that emerged in mid-March were basically gone after only a month, and as the year progressed, most tenants and investors were more optimistic in the medium and long term. The main reasons are obviously both the government support programs and the belief that the crisis would be temporary and short-lived. The Norwegian investment market received a significant boost in addition to this, as the interest rates fell to a lower level and stayed there throughout the year.

As many countries including Norway are in partial lockdown again as of early February, but at the same time receiving and distributing vaccines at a promising but uneven pace, the mood is still somewhat uncertain and careful.