Swedes signal property market rout is heading for recovery
Swedish households are becoming more optimistic about the development in the housing market, according to a survey from the country’s largest bank.
By Niclas Rolander and Charles Daly / Bloomberg
SEB AB’s Housing Price Indicator jumped 18 points to 11 in June, indicating that more respondents now believe in rising than falling home prices for the first time in a year. The result adds to the picture of an increasingly brighter mood in a housing market that’s been crippled by high inflation and rising borrowing costs.
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