JLL Nordic Outlook Spring 2023
In this edition of the JLL Nordic Outlook, the theme is devoted to Financing.
Last year was a brutal reminder of the impact of the higher cost of capital on financial markets, in combination with a softer outlook for the economy. Inflation continued to rise boosting rent index adjustments, while creating further pressure on central banks to act.
To contain inflation, central banks are continuing to tighten their monetary policies and are determined to do what it takes to stop inflation getting out of hand. Nordic banks are still showing good appetites for lending but are primarily focusing on existing relationships and lower refinancing LTV owing to elevated interest-coverage-ratios (ICR) following higher interest rates.