House Prices Peak After A Long Rise
House prices in Sweden went down again in the month of October, after rising since the spring. Experts are speculating that the Swedes are now starting to realise that the low interest rates will not last forever.
The interest rate set by Sweden's National Bank is at a record low of 0.25 %, down from an already low at the start of the year.
The house prices in the country went down by 1 % in October, but prices for flats are still increasing. But houses still cost 4 % more than they did a year ago, and flats have gone up by 10 % compared to October last year.