Swedish Housing Market to Stabilize
Swedish Housing Market to Stabilize

Swedish Housing Market to Stabilize

Swedish Housing Market to Stabilize

Property prices in Sweden will stabilize this year after a dip in the last few months of 2017, with the effect on GDP growth relatively limited, banking group Nordea said on Wednesday in an economic outlook, Reuters reported. In a separate outlook, Swedbank forecast the housing market will stabilize later this year with unchanged prices overall in 2018. Housing market trends create uncertainty about growth and inflation, Nordea said. “We expect housing prices to stabilize after the decline in 2017. Even so, recent housing market trends will have repercussions, most notably in the form of decelerating housing construction,” Nordea said. Rising interest rates will be a challenge for the Scandinavian housing markets 2019 and beyond, it said. Nordea says it sees housing starts falling to 50,000 in 2019 from the 27-year-high of 65,000 last year. Meanwhile, Swedbank says price decline for tenant-owned flats to bottom out at 10-15% from peak in greater Stockholm and Gothenburg during second half of 2018. A housing price decline in excess of 15% overall would lower growth and cause recession, Swedbank said.

Short URL : https://goo.gl/bWgfyq
  1. https://goo.gl/9Y99Ni
  • https://goo.gl/qcqLuD
  • https://goo.gl/xMgB8T
  • https://goo.gl/mcgRTT
  • https://goo.gl/WLcPff

You can also read ...

Federal Reserve Board Chairman Jerome Powell speaks during a hearing before the Senate Banking, Housing and Urban Affairs Committee.
US Federal Reserve Chairman Jerome Powell said protectionism...
India Launches 888 Anti-Dumping Probes
The Indian government has initiated as many as 214 anti-...
Fitch Retains Philippine  Debt Rating
Global debt watcher Fitch Ratings kept the Philippines’...
Lloyds Loses Mortgage Market Share
Lloyds lost market share in UK mortgages last year as Royal...
EU to Fine Google $5 Billion
Google will be fined about €4.3 billion ($5 billion) by the...
Shifting transactions from cash to digital payments holds great promise for  individuals, businesses and governments.
More than 23% of the world's economy operates out of sight of...
UN to Help Rebuild Gaza Economy, Create Jobs
Against the backdrop of rapidly rising tension, violence,...
Copper Prices to Go on Steroids
Copper’s slump amid a deepening global trade conflict offers a...

Add new comment

Read our comment policy before posting your viewpoints