Jul
12
Brexit Could Be Tipping Point for Hot Swedish Housing Market
By-
Stockholm apartment prices post biggest drop since 2008
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New paydown rules could further weigh on housing prices
One of the world’s hottest housing markets is cooling and the U.K.’s Brexit vote could tip it over the edge.
Swedish housing was showing signs of deflating already before the U.K.’s vote at the end of June sparked global financial turmoil. Stockholm apartment prices, which have risen 40 percent in the past three years, fell 2.7 percent in May, their biggest decline since late 2008, according to an index from Valueguard. Nationwide housing prices slid 0.6 percent, slowing the annual increase to 10.5 percent…
Brexit Could Be Tipping Point for Hot Swedish Housing Market
