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Why Sweden’s USD 41bn of property debt is alarming Europe

There are concerns that the Nordic nation’s real estate struggle may be a sign of things to come.
Photo: Holger Hollemann/AP/Ritzau Scanpix
Photo: Holger Hollemann/AP/Ritzau Scanpix
By Charles Daly and Anton Wilen, bloomberg

Even in Sweden few people knew much about Castellum AB. Yet the hurried sale of 40 million shares in the property company earlier this month is now seen by some as a harbinger of things to come in the European property market.

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