What’s Causing the Swedish Housing Market Plunge

The Swedish housing market, long one of Europe’s hottest, has become one of the world’s coldest. The slide in prices is at levels comparable to the early 1990s, when Sweden was rocked by a property crash that reverberated throughout its financial markets and forced the government to take over banks that were on the brink of default. This time, high prices and interest-rate hikes meant to combat fast inflation have combined to knock home values down more than 15% from their peak in March 2022, wi

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