Swedish House Prices Drop Again as Market Woes Deepen
- Home prices have lost up to 13% from 2022 peak, realtor says
- Nordic country’s housing market suffers as interest rates rise
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Swedish property prices deepened their decline in November, offering no respite for home owners as higher interest rates weaken a market that’s already among the worst performing among developed nations this year.
House prices in the Nordic nation have now lost 13% and apartment prices 12%, compared with peaks earlier this year, according to data published on Thursday, which are broadly in line with a rival indicator published last week. That compares with a drop of 10% for home prices in Canada, from their highest levels.