Sweden’s struggling housing market is coping better with rising borrowing costs than central bank and statistics office data show, according to a realtor lobby.
Data from Svensk Maklarstatistics, owned by a business organization for real estate agents, showed a 1% rise in the average price of Swedish homes in April, while prices for single-family houses remained unchanged. This is the third straight month of stable or rising prices in both categories, after a long slide that made the Nordic country’s housing market a symbol of a global trend caused by rising inflation and central bank tightening.
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