Swedish apartment prices up by 7 per cent

Apartment prices in Sweden rose 7 percent in December from a year earlier, figures from an association of Swedish real estate agents showed. Prices of single-family homes rose 9 %, the Svensk Maklarstatistik association said in a statement. Month-on-month, apartment prices were up 1 percent and single-family home prices were unchanged, it said. 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.