Tuohex Capital sees Finland real estate recovery extending into 2026

Tuohex Capital flagged a stronger-than-expected recovery in Finland’s real estate market in Q2 2026, with transaction volumes rising.

Market rebound remains selective, not a broad upcycle; asset pricing is diverging by property type, location, tenant quality, sustainability features.

Buyer pool stays limited; liquidity gains largely driven by foreign investors, raising sensitivity to rate expectations, geopolitical shocks.

Forecast calls for continued recovery through 2026, with a modest rate rise in late 2026-2027 slowing momentum without reversing direction.

Middle East crisis seen as the main risk via energy-driven inflation pressures, which could push interest rates higher.