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IPD unveils new Nordic property index

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NORDIC – IPD, or Investment Property Databank, has published the first results from its Nordic property index, showing increasing real estate investment in the four Nordic countries.

The IPD Nordic property index measures the combined performance of investible real estate in Denmark, Finland, Norway and Sweden.

The results how returns for each of the countries over 2000, 2001 and 2002. The Nordic market as a whole produced annualised returns over the three-year period of 8.8%. 2002 returns for the region were 7.4%, up from 5.5% in 2001.

Of the four countries, Norway has produced consistent increasing returns over the period with 10.1%, 14.6% and 17.3% over the three years, equating to an annualised return over three years of 14%.

Sweden has the lowest annualised returns over the period, returning 18%, -0.2% and 4% over 2000, 2001 and 2002 respectively.

Finland’s returns have decreased consistently over the period, from 10.2% in 2000 to 6% in 2002.

Denmark’s annualised performance is 10.4%, but decreased from 2001 to 2002 from 11.6% to 9.9%.

The index is based on 7,000 properties with a value of 54 billion euros, and is aimed at providing international investors with a clear and transparent profile of the investment region.

This first Nordic index from IPD has been issued on a consultative basis, providing the industry with the opportunity to comment on the methodology used.

Returns are reported in local currencies and euros. IPD was supported by ED in Denmark, KTI in Finland, and SFI in Sweden.

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