In this European country, the housing market has particularly fallen – why? | Business

Her own accommodation was a cozy studio with lots of natural light in Huding, an increasingly popular suburb of Stockholm. It would seem that she must have been in high demand.

But the timing was not right. The girl decided to sell her property at a time when the Swedish housing market is going through its worst recession in three decades. When only a few people viewed her apartment, Ms. Eiswohld lost hope of getting back the money she paid for it less than two years ago.

“It was very scary,” 28-year-old graphic designer M. Eiswohld said recently. Finally, a month ago, she managed to sell the studio for 1,955,000 kroner (about 188,000 euros) – about 4 percent less than what she paid.

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