Real Estate

Sweden Posts Sharp Home-Price Plunge as Rates Hit Global Markets

The Nordic country logged an 11% decline in the year through September, whereas the global average gained slightly, according to Knight Frank.

A group of people socialize on a jetty on the water's edge at Tantolunden in Stockholm. Home prices in Sweden were down 11% year-over-year in September. — A group of people socialize on a jetty on the water's edge at Tantolunden in Stockholm. Home prices in Sweden were down 11% year-over-year in September.
Photographer: Loulou D'Aki/Bloomberg

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By Alice Kantor

December 13, 2023 at 12:01 AM UTC

This article is for subscribers only.

Sweden’s real estate market is suffering.

Home prices in Sweden dropped 11% year-over-year in the 12 months through September, the sharpest drop in 56 global markets tracked by real estate company Knight Frank.