The Moment of Truth in the Baltic Real Estate Market Will be Revealed in March

  • 2023-03-09

Tallinn will host the Nordic Real Estate Forum (NREF) on March 23rd, which will bring together real estate decision-makers and business leaders from Europe, Nordics and Baltics. The main topic for this year’s forum is CHANGES in Real Estate.

According to Gert Jostov, chairman of the board of the Estonian Real Estate Association, volatile times await the local real estate market. Due to the war in Ukraine, the volume of direct investments in Baltics has decreased, which however offers additional opportunities for the local real estate sector. At the same time, high inflation and growth of the Euribor have inhibited people's interest and ability to obtain loans for the purchase of real estate. "However, I believe that the Baltic real estate sector is well prepared for difficult times. The key issue in the acceleration of the local real estate market will probably be the value of money," noted Jostov.

”The peak of the inflation is behind us, but its consequences will linger for longer – interest rates have increased rapidly to the highest level in decades and have not peaked yet. The rising cost of capital affects real estate market sentiment and valuations immediately.  Have we seen the worst yet? A lot of data suggests that probably not”, says Nerijus Mačiulis, Swedbank Group Deputy Chief Economist.

“The real estate market in 2023 is going to be challenging yet exciting. We see many opportunities and scenarios around the corner, with a considerable downside risk that things get worse before they get better. While it's impossible to predict the future with certainty, we can make some educated guesses based on current trends and past patterns. I look forward to meeting key decision makers to discuss emerging tendencies and to be part of the discussion on how to shape the future of real estate in the region," says Adam Tyrcha, Partner and Head of Research of “Newsec”.

Nordic Real Estate Forum 2023 hosts two reputable keynote speakers. Swedbank Group Deputy Chief Economist Nerijus Mačiulis will present a topic of Falling Inflation, Rising Interest Rates and Uncertain Asset Prices. Newsec’s Partner and Head of Research Adam Tyrcha will tell the audience about “Futurama: What's Next for Nordic and Baltic Real Estate”.

The rest of the day will be filled with six discussion panels. Real Estate Investment panel discusses about key changes for investors and what are the best tips and strategies for real estate investments in 2023. Macroeconomics Panel will bring you the economic trends in the changing world and if the opportunities beat the risks. Logistics Real Estate Panel argues the challenges for the next decade and phrases the future of logistics.

Separate discussion panels will also be dedicated to ESG in real estate and the Commercial and Development Real Estate panel discuss the workspaces of future. The day will be finished with Retail Real Estate Panel with the trends and news in the field.

For 19 years, Estonian real estate associations have organized a real estate conference, attended by more than 6000 people from over 20 countries and 590 speakers from more than 15 countries.
The goal of the NREF is to become the leading real estate forum in the Nordic and Baltic countries.

Partners of this year’s Nordic Real Estate Forum are Swedbank, NEWSEC, East Capital, Colonna, Baltic Horizon Fund, Technopolis Ülemiste, Law Firm Glimstedt.

Full programme of the forum is attached and available at www.nordicreforum.comHERE is short preview video of the upcoming NREF.