Real Estate
Sweden Housing Rout Extends to 2023 With Rosier Spots in Cities
- Lender SBAB data shows seasonally adjusted fall in January
- Apartment prices in Stockholm area raise hope of stabilization
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Swedish housing prices fell on a seasonally adjusted basis in January, stretching out a drop for the market that’s in the spotlight for enduring some of the biggest declines globally.
The first month of the year is typically a good time to sell homes, but while prices rose in absolute terms, they were down 1.6% adjusted for seasonal effects, according to state-owned mortgage lender SBAB. The data indicates that a downturn that has erased about 15% of home values since the first quarter of last year may still have some way to go.