Sweden’s Housing Downturn Deepens, With More Declines Forecast

Swedish housing prices extended one of the world’s worst routs, which could be further fueled by interest-rate hikes that are yet to have their full effect.

Home prices declined a seasonally adjusted 1% in April, led by a drop in the value of detached houses, according to data by SBAB, published on Monday. That follows a 0.8% decline in March.