Swedish apartment prices rise

Apartment prices in Sweden rose 6 percent year-on-year in October, figures from an association of Swedish real estate agents, Svensk Maklarstatistik, showed. Prices of single-family homes rose 9 percent year-on-year, the association said in a statement. On a sequential basis, both apartment prices and single-family home prices rose 1 percent month-on-month, the statistics showed. A boom in Swedish home prices since the late 1990s has driven up household debt to among the highest levels in Europe, raising concerns among policy makers.