Sweden homes are overvalued ‘by up to 30%’
The two decade long bull market in Swedish property has left it 20%-30% overvalued, according to research from Scope Ratings, which believes exposure to domestic real estate presents a key risk to the Swedish banks it rates.
Sweden’s central bank the Riksbank has been battling to cool what it accepts is an overheating property market for some time.However, it has also had its key interest rate set at zero since October in an attempt to bring inflation up towards its 2% target. Inflation was ...
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