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Sweden is facing its ‘day of reckoning’ as house prices plummet

Por: CNBC Business January 11, 2023

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In 2022, Sweden's central bank undertook an aggressive interest rate hiking cycle that ricocheted through the property market.JONATHAN NACKSTRAND / Contributor / Getty ImagesSweden's property prices are facing a serious drop as the country's former central bank governor warns of lofty household debt levels.House prices in Sweden have risen fairly reliably over the last decade. This has been buoyed by ultra-low interest rates in a... + full article



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