Swedish Home Prices Set to Fall 15% From Peak, Nordea Forecasts
Residential apartments on Lilla Essingen in Stockholm, Sweden.
Photographer: Mikael Sjoberg/BloombergThis article is for subscribers only.
Swedish housing prices will continue falling until the middle of next year as the share of household income that goes toward mortgage interest payments is set to double, economists at the Nordic region’s largest bank said in a new forecast.
Nordea Bank Abp now expects prices to drop 15% from a peak earlier this year, which is larger than the 10% slump it had previously projected.