Swedish Home Prices Stall at a Higher Level Than Before Pandemic

Home prices in Sweden have largely stagnated since the start of the year, indicating that the worst-case-scenario of a housing price crash has been avoided, according to state-owned lender SBAB.

House prices rose 1.2% in February, yet were little changed when adjusting for seasonal effects, showed statistics from the bank’s property listings site Booli published Sunday. The data suggests a stabilization following a price decline in late 2023, and comes as optimism about the market has been buoyed by expectations that the Swedish central bank will soon begin to lower borrowing costs.

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