A Tipping Point?

Stockholm property prices suggest Swedish housing market on downtrend
Data: Nasdaq OMX Valueguard-KTH Housing Index; graphic by Bloomberg Businessweek

Property prices in Sweden’s capital, Stockholm, have already slumped about 9 percent over the past three months. But Klas Danielsson, the chief executive officer of state-owned mortgage bank SBAB, says they may drop a further “10 to 15 percent” amid an increase in supply. His comments add to growing signs that Sweden’s housing market may have reached a tipping point after surging through years of ultra low rates.

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