Swedish Home Prices Stand Still as Rate Peak Is Nearing
- Data from realtors shows prices unchanged over three months
- Riksbank rates, market volumes seen as key for home values
Residential buildings in Stockholm.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Sweden’s housing market remained in a wait-and-see mode last month, largely in line with the outlook of the central bank that’s signaled a peak in borrowing costs is close.
A stabilization in home prices, helping household spending, has been a rare brighter spot for the Nordic nation’s economy that faces some of the bleakest prospects in the European Union with a potential two-year recession. It could be key for housing investment and construction that are now diving after valuations plunged last year in one of the worst routs globally.