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Sweden: Borg: Housing market set for 20 years of stagnation

Posted on 27 February 2013

Sweden’s real estate market is headed for two decades of stagnation, Swedish Finance Minister Anders Borg warned on Monday, reiterating his concerns about the size of Swedes’ household debts.
Swedish households have seen their debts rise from 88 percent of their disposable income in 1995 to 164 percent in 2011, making them among the most indebted in the world, according to Swedish business daily Dagens Industri (DI)………………………………………..Full Article: Source


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