Swedish Housing Showing Signs of Calming, Central Bank Governor Says
- Thedeen sees signs of “some form of stabilization” in market
- Swedish krona advances versus the euro in wake of comments
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Sweden’s ailing housing market may be entering a calmer phase after being battered by rising interest rates and soaring costs of living, Riksbank Governor Erik Thedeen said.
“If you look at some of the indicators, the decline may have subsided,” Thedeen said at a residential real estate conference in Stockholm. “Perhaps there are signs of some form of stabilization on the housing market, but we will have to see how this develops going forward.”