【Bloomberg】Swedish Housing Market Slump Deepens on Rate, Energy Worries

The slide in Swedish home prices deepened in September amid signs the housing market was drying up as interest rate hikes and concerns over surging energy costs dented demand, according to the latest broker data.

The Nordic nation, with one of the world’s hottest property markets during the pandemic, is now facing a double-digit decline similar to peers such as Australia and Canada. While the market has been cooling since March when the Riksbank embarked on a historic turnaround in monetary policy, there is growing concern that a potential surge in power prices in the coming winter may deepen the slump.

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