26.06.2012 - Swedish property prices have risen hugely
The Swedish Housing Credit Board, BKN, believes that the Swedish housing market is significantly overvalued. Now the agency has worked out the implications of the housing bubble for the Swedish people. According to a study by the ECB covering 18 industrialized countries, the Swedish housing market is the most overvalued. A drop of 40 percent is what it takes to reach equilibrium in the Swedish housing market. BKN is not prepared to go that far but they foresee a drop of 20 percent..............................................Full Article: Source
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