Sweden’s Housing Market Seeks Bottom as Price Drop Continues
- HOX index shows decline continued for eighth month in a row
- Price drop of 15% from the peak also seen in other recent data
Property listings in a real estate agent's window in Gothenburg, Sweden.
Photographer: Nora Lorek/BloombergThis article is for subscribers only.
The declines in Swedish housing prices extended to the eighth straight month, as the worst slump in three decades deepens.
Prices have now declined by 15% since a March peak, according to the HOX housing index from Valueguard, which compiles the data. The rapid slide has made Sweden emblematic of a development that is playing out in countries around the world as consumer prices soar and borrowing costs rise.