The outlook for the Finnish property investment and rental markets has deteriorated rapidly, fueled by uncertainty caused by the outbreak of COVID-19, and in April, most of the property market indicators turned negative. The real estate transactions market remained active in the first quarter of the year, but volumes are likely to slow down significantly in the coming months. In the rental markets, the crisis is treating different real estate sectors differently: retail and hotel properties are the biggest immediate sufferers, while in the office market, the impact is likely to be less dramatic and come with a slight delay. Residential and public use properties are expected to be reasonably crisis-resistant.

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