{"id":28886,"date":"2017-12-15T06:58:50","date_gmt":"2017-12-15T11:58:50","guid":{"rendered":"http:\/\/olduvai.ca\/?p=28886"},"modified":"2017-12-15T06:58:50","modified_gmt":"2017-12-15T11:58:50","slug":"swedish-housing-bubble-pops-as-stockholm-apartment-prices-crash-most-since-june-2009","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=28886","title":{"rendered":"Swedish Housing Bubble Pops As Stockholm Apartment Prices Crash Most Since June 2009"},"content":{"rendered":"

Swedish Housing Bubble Pops As Stockholm Apartment Prices Crash Most Since June 2009<\/a><\/h3>\n
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Even though Sweden\u2019s property bubble is not the longest running (that accolade goes to Australia at 55 years), it is probably the world\u2019s biggest with prices up roughly 6-fold since starting its meteoric rise in 1995.<\/div>\n<\/div>\n<\/div>\n
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Of course, as we noted last month when the SEB’s housing price indicator, which measures the difference between those who believe prices will rise and those who expect them to drop, took its first substantial tumble, the era of the steadily inflating housing bubble in Stockholm may finally have come to an end.<\/p>\n

\"Sweden\"<\/a><\/p>\n

Now, it seems that the “hard data” is aligning with the “soft data” as Swedish home prices across the Nordic country posted their first decline since the spring of 2012, down 0.2% year-over-year and 2.9% sequentially<\/strong>.\u00a0 Per Bloomberg<\/a>:<\/p>\n

The property market in the largest Nordic economy is rapidly cooling after years of price increases that were driven largely by housing shortages and ultra-low interest rates. Supply is now outstripping demand and stricter mortgage rules, as well as growing apprehension among households, are driving prices lower. The drop is being led by high-end apartments in Stockholm.<\/p>\n

According to Maklarstatistik\u2019s number, nationwide apartment prices fell a monthly 3 percent in November, adding to October\u2019s 1 percent drop. House prices fell 1 percent in the month, after being unchanged in October. Apartment prices in greater Stockholm fell 3 percent in the month and were down 4 percent from a year earlier, the first such decline in almost six years.<\/p><\/blockquote>\n

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Worse yet, the slump in Stockholm specifically is even more dramatic with apartment prices down 4.2% sequentially, the steepest since October 2008, and 6.0% year-over-year, the biggest June 2009.<\/strong><\/p>\n

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…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Swedish Housing Bubble Pops As Stockholm Apartment Prices Crash Most Since June 2009 Even though Sweden\u2019s property bubble is not the longest running (that accolade goes to Australia at 55 years), it is probably the world\u2019s biggest with prices up roughly 6-fold since starting its meteoric rise in 1995. Of course, as we noted last […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1806,2340,4900,7600,771,4318],"class_list":["post-28886","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bubble","tag-housing-market","tag-housing-market-bubble","tag-housing-prices","tag-sweden","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/28886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28886"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/28886\/revisions"}],"predecessor-version":[{"id":28887,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/28886\/revisions\/28887"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}