KTI Special Investment Funds Review 2026: Summary Q1/2026 has been published today

Published 13 May 2026

The quarterly summary produced in cooperation by KTI Finland, Rakli, and companies managing special investment funds provides an overview of the market situation and development trends of special investment funds investing in real estate in Finland.

The combined gross asset value (GAV) of special investment funds investing in built properties and land continued to decline in the first quarter of 2026 reaching EUR 8,8 billion (end of 2025: EUR 9.0 billion).
The decrease in value was driven both by property disposals – which enabled investor redemptions – and by a slight decline in the market value of owned properties during the first quarter. The majority of funds also made distributions during the quarter, impacting their GAV.
In the first quarter of the year, Finland’s professional real estate investment market recorded EUR 2.3 billion in property transactions. Special investment funds remained net sellers: their share of total sales was three percent, with no property acquisitions recorded.
The 12‑month rolling total return of special investment funds investing in real estate averaged -0.8 percent. The return consisted of a 2.3 percent profit share and a -3.1 percent change in the value of fund units. Increased geopolitical uncertainty once again put pressure on values.

Read more from the published Q1 summary.