Swedish apartment prices fall 2pc in fourth quarter
Swedish apartment prices fell 2.0 per cent in the fourth quarter (Q4) from the same period a year earlier, data from an association of the country’s real estate agents showed on Monday.
Prices of single-family homes in Sweden increased 5.0 per cent, the Svensk Maklarstatistik association said.
Compared with the September-November period this year, apartment prices were down 3.0 per cent, while single-family home prices fell 2.0 per cent, reports Reuters.
Property prices have surged in recent years, outpacing wage growth, and authorities have long warned about high debt levels being a threat to the developed export-oriented economy.
However, home prices have dipped, mainly due to a surge in building and new, tougher mortgage rules.