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Scandinavian home prices may slump

Posted on 23 August 2010

From Sfgate.com: House prices in Sweden, Finland and Norway may slump, derailing one of the strongest rebounds in Europe and threatening to drive their economies back into recession.

Swedish real estate may fall as the 20 percent of borrowers with the biggest debts struggle with burdens as much as 46 times their disposable incomes, says Royal Bank of Scotland Plc. Norway’s central bank says low interest rates risk overheating its lending and property markets, while euro-member Finland says a bubble may be forming in its housing market…………………………………….Full Article: Source


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