Rising Rates Put Pressure on Sweden's Housing Market

Property prices in Sweden are declining as interest rates rise, putting households and property companies under pressure.
Heimstaden Bostad, Sweden's largest residential landlord, is seeking billions in new funding due to the property downturn.
Pension fund Alecta, a major shareholder in Heimstaden, may need to contribute capital to the company.
Sweden's government says it's monitoring the situation and is prepared to step in to secure financial stability if necessary.
Analysts believe Sweden's property market woes may worsen as interest rates continue to climb.

reuters.com

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9/25/2023

Germany's Housing Crisis Deepens as Costs Rise and Construction Stalls

The property market in Germany is in crisis as rising interest rates and raw material costs lead to a spike in bankruptcies among developers, causing construction projects to halt and leaving homeowners-to-be in financial distress. Chancellor Olaf Scholz is calling for talks with industry leaders to find solutions to jump-start construction and alleviate the growing housing shortage.