Sweden's Home Prices Fall by Most Since at Least 2013 in Latest Data
- Nordic nation’s housing slump is among the deepest globally
- October data shows decline accelerated further, led by houses
This article is for subscribers only.
Sweden’s real-estate slump accelerated to the fastest pace in at least nine years, approaching the most bearish forecasts for the scale of the rout.
As of last month, prices for detached houses are down as much as 19% from the peak and apartments cost as much as 13% less, SBAB, whose indicator is based on transaction data from its real-estate listing site Booli, said on Wednesday. The state-owned mortgage lender has forecast a drop of about 20% from the high reached in March, slightly more than Nordea and the Riksbank.