House prices in Sweden rose by 12.5 percent last year, and prices for condominiums rose by 7 percent.
This has led to Swedes' housing debts becoming greater than ever
- A big risk, says Fredrik NG Andersson.
Economist warns: "Creates huge risks"
2021-03-01T19:16:05.380Z
Low interest rates and housing shortages are pushing up prices in the housing market, and household debt is growing. It creates enormous risks in the economy, says economist Fredrik NG Andersson. - What happens after the pandemic? What if unemployment persists? Then we could have households that are unable to pay off their debts. Then we would have a crisis in the housing market that could spread into the banking sector, he says.
Source: svt