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8 months ago
Swedish apartment prices up 7 pct yr/yr in Nov - Svensk Maklarstatistik
December 14, 2016 / 5:05 AM / 8 months ago

Swedish apartment prices up 7 pct yr/yr in Nov - Svensk Maklarstatistik

STOCKHOLM, Dec 14 (Reuters) - Apartment prices in Sweden rose 7 percent in November from a year earlier, figures from an association of Swedish real estate agents showed on Wednesday.

Prices of single-family homes rose 9 percent, the Svensk Maklarstatistik association said in a statement.

Month-on-month, both apartment prices and single-family home prices were unchanged, it said.

A boom in Swedish home prices since the late 1990s has driven up household debt to among the highest levels in Europe, raising concerns among policy makers.

Sweden in June introduced rules making it mandatory to pay down the principal on mortgages, a measure widely seen as having a dampening effect on the housing market. (Reporting by Stockholm Newsroom)

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