Sweden’s house prices are expected to continue to plummet.
Bloomberg / Contributor / Getty Images
Sweden has long had one of Europe’s hottest housing markets, but prices have tumbled and are not set to recover for a long time, according to Danske Bank. Economists are also warning of a “false dawn,” as recent housing data suggests a slight uptick in prices.
Danske previously projected a 20% drop, peak to trough, in Swedish house prices. It has since revised that figure to a 25% dip, meaning prices are currently “still only half-way to the bottom,” according to Danske Bank’s Nordic Outlook report.
Prices are currently down by 12% from the peak recorded in February last year, according to the…