Monday, January 14, 2008

Sweden's Apartment Prices Keep Falling

Swedish apartment prices are continuing to fall and house prices have stagnated, according to figures published on Friday. The value of apartments in central Stockholm fell by 9 percent in the past three months, with an average flat now worth 50,500 kronor per square metre, according to Mäklarstatistik, which compiles statistics on behalf of the real estate industry. The figure represents an increase of 12 percent since a year ago, but is a substantial fall compared with the highs of 56,500 kronor in August last year.

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