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Sweden Responds to Worst Housing Slump Since 2008 With Supply

From bloombergquint.com

Sweden’s government wants to add supply to a housing market that’s just gone through its biggest price slump in a decade. The Social Democrat-led ruling coalition is intending to make property construction a key plank of its campaign ahead of the September election, according to Peter Eriksson, the country’s housing minister. “Looking in the long term, the housing shortage is still very large so there’s still a need to increase construction,” Eriksson said in an interview on Friday in Stockholm. Swedish housing prices have slumped almost 10 percent from their peak in the summer, and international investors are ... (full story)

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  • Category: Fundamental Analysis