The economy has been prospering over the last years and simultaneously the businesses have demanded larger office space and become more particular when choosing their locations. As a result, the building activity in the central areas of the largest cities has boomed and created a high density in the business districts, ultimately forcing new building to other parts of the cities. At the same time, the tourism and business travelers are giving hotels record years with regards to the turnover growth. This global growth has resulted in a steep increase in real estate prices and rents in connection with real estate in the Nordic market. Conversely, the sub-prime crisis in the U.S. has dominated the media lately, so investigating the possible long term effects this may have on the Nordic real estate market is relevant. Additionally, there has been significant development with respect to investment possibilities in real estate, depending on the degree of liquidity and risk exposure wanted.1 When choosing upon a topic we were determined to find a topic that both of us found interesting and a subject we wanted to gain more knowledge about. The real estate market is dynamic, complex, and affected by numerous factors. Since it has been given little attention during the course of our master degree we decided on “specializing” within the real estate business. Concentrating on the Norwegian market in particular and the Nordic in general was a natural choice for us, as these are the markets we have the best condition for knowing the economic drivers, and also the market where information was most accessible to us.
|Educations||MSc in Finance and Strategic Management, (Graduate Programme) Final Thesis|
|Number of pages||128|