Swedish housing starts slump 55% in latest sign of crisis
Sweden’s residential property market saw construction levels falling by more than half in the first quarter as one of the world’s worst real estate routs continues to gather steam.
By Charles Daly / Bloomberg
The overall number of new dwelling starts totaled 7,437 in the first quarter compared to 16,675 in the same period of 2022, according to data compiled by Statistics Sweden. While the latest figures will likely be materially revised owing to a lag in reporting, the sector’s direction of travel is clear.
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