'We're not out of the woods': Sweden’s sliding house prices could be only halfway to the bottom
Publishing timestamp: 2023-04-06 08:16:24
Summary
Danske Bank has revised its projection of a 20% drop in Swedish house prices to a 25% dip, and economists are warning of a "false dawn" as recent housing data suggests a slight uptick in prices. Despite this, the Swedish housing market is still expected to decline, with Nordea maintaining its forecast of a 20% dip in house prices and SEB forecasting a 20% drop with downside risk. The National Institute of Economic Research has adjusted its forecast to a more shallow dip of between 15% and 20%. Sweden's central bank has unexpectedly hiked its interest rate, contributing to the decline in the housing market, and is not expected to lower its policy rate until inflation reaches its 2% target.
Sentiment: MIXED
Keywords: housing, danske bank a/s, world economy, business news,