Real Estate
Swedish Home Prices Fall Again in October, Down 14% From Peak
A residential apartment block in the Hagastaden district of Stockholm.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Swedish home prices extended their decline in October as the central bank’s rate increases pressured home owners with variable-rate mortgages.
The latest data adds to the gloom around what has been one of the world’s worst property routs amid surging inflation and a jump in interest rates to 4%. Swedish home values had largely stabilized this year following a decline in 2022.