Swedish apartment prices down 8%

Swedish apartment prices fell 8 percent in the March-May period from the same period a year earlier, data from an association of Swedish real estate agents showed. Prices of single-family homes were unchanged, according to the Svensk Maklarstatistik association. Compared with the February-April period, apartment prices were down 1 percent while single-family home prices were up 1 percent.Property prices in the Nordic country has risen for almost two decades, making Swedish households among Europe's most indebted. However, a surge in building and tighter mortgage rules has cool the housing market in recent months, although most analyst expect the market to stabilize this year.