Swedish housing is now in the worst rout since the 1990s

By Niclas Rolander

21 Nov 2022 · 3 min read

Editor's Note

It used to be Europe's hottest property market, but now Sweden is in the grip of a slump. That has worrying implications for other developed economies, according to Bloomberg.

Sweden's home-price decline accelerated in October, as the Nordic country gripped by the most severe housing slump in three decades shows what may lie ahead for many other developed economies.

One of the pacesetters for a global housing downturn fueled by soaring inflation and central bank moves to curb price increases, Sweden has now seen home prices drop by about 14% from a peak earlier this year, according to Valueguard, which compiles the data. Prices have slid for seven straight months, as households are being squeezed by the rising cost of living.

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