FRI, MAY 21, 2021 - 5:50 AM Stockholm SWEDEN'S housing market just set another record as ultra-low interest rates and a spike in demand fueled by the pandemic drive prices to levels never before seen in the country. Home prices rose 18.9 per cent in April from a year earlier, according to the Nasdaq OMX Valueguard-KTH Housing Index, HOX Sweden. That's the fastest pace since it started compiling data in 2005. On the month, prices rose 0.9 per cent, which is slightly slower than in March, but analysts were quick to warn that the dip is probably an aberration. "There are no clear signals of a further slowdown so far," Helena Bornevall, an economist at Handelsbanken, said in an email. "Instead, we see a continued strong momentum. The strong demand for housing is likely to further drive up prices in the near-term, in our view. The question is rather how much." Riksbank policymakers have repeatedly made clear that they're worried about Sweden's housing b...
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