Nordic Credit Rating (NCR) said today that the differences between property segments in Sweden have increased in 2020 as a result of developments during the pandemic. Looking to 2021, NCR expects to see reduced demand for office space and resulting pressure on rent levels, while retail properties are likely to experience further challenges as growth in e-commerce continues. NCR foresees a challenging 2021 in the hotel and restaurant segments as the rating agency believes it will take time for the economy, as well as tourism and travel, to recover.
"We expect favourable development in the logistics segment as e-commerce continues to grow," said NCR credit analyst Marcus Gustavsson. "However, a supply shock of new logistics properties is a risk to watch for over the next few years,” he added.
NCR believes that the residential and community service segments will be the least risky segments in 2021.
If you have any questions, please contact:
Marcus Gustavsson, credit rating analyst, +46700442775, email@example.com
Mille O. Fjeldstad, credit rating analyst, +4799038916, firstname.lastname@example.org