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Piggy Banks Being Raided Signal Swedish Housing Dilemma

Increasing numbers of Swedes are turning to family and friends for help in buying a home, side stepping government efforts to cool soaring housing prices and growth in private debt.

Swedes who received non-bank assistance to fund mortgages rose to 52 percent in the period from 2012 to 2014, the highest level since at least the 1970s and up from 25 percent in the early 2000s, according to data last month from state-owned mortgage lender SBAB.