
Sweden saw a 11% reduction in property prices, and Norway looks like next in line
Scandinavian buyers in Spain
CASA:UNA is a Scandinavian real estate agent catering for Scandinavian and English speaking clients. We do also speak German and Spanish, but our focus has always been on the Scandinavian and English buyers.
According to a story from The Business Insider, the Scandinavian home market is now under fire.
“Now, it looks like that bubble may have burst, with Radio Sweden reporting that house and home prices in the country dropped 11 percent in the last month of 2011.
Next door, of course, things are not too rosy either. Last week Professor Robert Shiller warned that Norway’s housing market looks dangerous — “This really does look like a bubble,” he told business newspaper Dagens Næringsliv (via The Local).”
Direct link to Business Insider