Soaring power costs have been pushing Sweden’s house prices lower Sweden’s home-price decline accelerated in October, with the Nordic country gripped by the most severe housing slump in three decades, Bloomberg reported on Monday, citing industry data. Home prices in the country plunged by about 14% from a peak earlier this year, according to Valueguard, which compiles the data. Prices have reportedly slid for seven straight months, as households are being squeezed by the rising cost of living. This shows what may lie ahead for many other developed economies, Bloomberg wrote, noting that the downturn in Sweden was
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