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October saw a decline of 3.0% in Swedish house prices, the worst since 1990
Posted on November 28, 2022 |
- The price of single-family homes is rapidly falling compared to the price of apartments.
- In October, the Sweden housing-price index fell by 3% from the previous month, the most vertical drop since June led by disconnected houses, which are vulnerable due to high electricity prices.
- The Swedish central bank is getting ready to declare its next move to tackle soaring inflation which is expected to increase its policy rate by 75 basis points at a meeting on Nov. 23, after a full percentage-point hike in September.