Oh dear! Sweden's house price falls beginning!
This content is archived.
House price rises in Sweden have been decelerating. During the year to end-Q2 2011, house prices increased by only 1.86%, according to Statistics Sweden. In fact, when adjusted for inflation, house prices actually dropped by 1.35% y-o-y to Q2 2011.
The cause? Sweden’s central bank has raised its key interest rate several times from a historic low of 0.25% in July 2010. The key rate is expected to reach 2.3% by end-2011.
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