Swedish Housing Needs Supply, No More Caps, Attefall Says
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Sweden’s real-estate market needs a bigger property supply instead of tougher mortgage lending rules if the largest Nordic economy is to avoid a bubble, Housing Minister Stefan Attefall said.
“If we don’t solve the supply side then we will have a problem,” Attefall said yesterday in an interview in Stockholm. “We will have to wait for a while to see if” existing mortgage caps are “enough. Unless we kick-start an increase in the building of homes, we will have a continued upward price pressure, so it’s important that we work with that side of things too and that’s often forgotten in the debate.”