Commercial property investors in the UK have been encouraged to consider purchasing stock in Scandinavia.
According to Knight Frank, investment prospects are particularly favourable in places such as Sweden and Norway at the moment. Finland and Denmark were also flagged up as good options, due to the "strength of their wider economies".
UK-based investors could therefore benefit from arranging a currency comparison so they can see which one of the Nordic nations offers the best value for money.
Darren Yates, a partner in Knight Frank's commercial research team, added that some good opportunities for commercial property buyers might also be found in eastern Europe.
Poland, for instance, was said to be a possible option as it offers "better yields" than many other countries and is "getting wealthier". Mr Yates also noted that the country has "emerged relatively well" from the global financial crisis, as it managed to avoid slipping into recession.
"It has had its elections, is politically stable, relatively high yielding and has a large, young and growing population," he continued.
Mr Yates added that Poland has lots of big cities that are capable of sustaining new developments.
He was speaking after Cushman & Wakefield revealed that between October and December 2011, investment volumes in the European commercial property market went up by 17.7 per cent. This, it said, is more than it had been anticipating.
But despite Mr Yates's recommendation, investment volumes in the Nordic countries did not go up significantly. Core markets such as Britain, France and Germany attracted the most interest in the final quarter of the year, accounting for nearly two-thirds of investment activity.
Michael Rhydderch, head of Cushman & Wakefield's European capital markets group, commented: "It is clear that there is a lot of nervousness out there and sheer uncertainty may hold back dealing volumes this year."