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Crisis hits Sweden’s housing market

Posted on 22 October 2008

From Thelocal.se: Shockwaves from the financial crisis are rippling through Sweden’s housing market, resulting in falling prices and accelerating the already slowing pace of new construction.

The slump in housing prices between July and September has been felt primarily by owners of apartments rather than houses, and for people living in the Stockholm area. According to a survey by state-owned mortgage company SBAB, estate agents project that prices will continue to fall in Sweden’s larger cities….. Full Article: Source


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