February 14, 2012
The following articles have been tagged with "Mortgage":
Business & Money: 2 Jan 12
The head of Sweden's central bank has said he expects Sweden's interest rates to remain at their current low level in 2012, but warned banks that they must be more open about how much they earn from lending to customers.
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Business & Money: 22 Dec 11
Letting Swedes hold on to their account numbers when switching banks is one way to put pressure on banks thought to be gouging customers with high mortgage rates, financial markets minister Peter Norman said Thursday.
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Business & Money: 8 Dec 11
Fresh figures from the Association of Swedish Real Estate Agents show that 54 percent believe that houses prices will fall in the near future.
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Business & Money: 25 Nov 11
Sweden on Friday announced plans to beef up the capital adequacy requirements for the country's four largest banks to help protect the Swedish banking system amid the ongoing eurozone debt crisis.
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National: 20 Nov 11
Seemingly undeterred by the debt crisis, Swedish households are taking out more new loans than any other Europeans, according to a comparison of mortgages presented in Swedish media.
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Business & Money: 24 Oct 11
Swedish finance minister Anders Borg, known for lecturing Swedes about the dangers of borrowing too much money, has a mortgage worth more than the value of his home, according to new investigation.
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Business & Money: 14 Sep 11
The last three months show a distinct slowdown on the Swedish housing market, according to Sweden’s real estate statistics website Mäklarstatistik.
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Business & Money: 6 Sep 11
Swedish households have seen their wealth grow in the past four decades, although many Swedes have seen their debts increase as well, according to new figures from Swedish bank Swedbank.
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Business & Money: 16 Aug 11
Flat prices fell by 6 percent in Sweden and house prices by 2 percent in July compared to the previous month, according to new statistics.
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National: 12 Aug 11
The continuing financial uncertainty looks set to have a bearing on what is traditionally one of the busiest weekends of the year for real estate agents in Sweden.
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Business & Money: 11 Aug 11
Sweden's inflation rate rose at a higher clip in July than in the previous month, partly due to rising mortgage interest costs, although consumer prices remained flat.
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Business & Money: 28 Jul 11
If you’re an expat who uses your bank to transfer money abroad, you’ll know that extortionate fees and bad exchange rates can leave a big hole in your pocket. Using a currency specialist can cut these costs dramatically. Here is how.
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Business & Money: 14 Jul 11
Apartment prices in Sweden have fallen for the third month running, new statistics for June show, while realtors are reluctant to call the drop a lasting trend.
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Business & Money: 27 May 11
The Swedish economy continues to expand, growing by 6.4 percent in the first quarter of 2011, according to new statistics, although GDP growth has slowed slightly.
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National: 7 May 11
Five cars were destroyed in the wee hours Saturday morning in Gothenburg in what police believe is arson. Two other cars were scorched. No arrests have been made.
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Society: 20 Apr 11
The 48-year-old ‘clairvoyant’ who managed to swindle large amounts of money from three unsuspecting victims was sentenced to prison by a Swedish court on Wednesday.
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Business & Money: 20 Apr 11
Sweden's Riksbank on Wednesday announced that it has raised the base repo rate by 0.25 percent to 1.75 percent, while maintaining its rate forecasts for 2011 and 2012.
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Business & Money: 5 Apr 11
Sweden's central bank does not believe the country is in the midst of a housing bubble, saying in a report published Tuesday that rapidly rising housing prices are due to natural developments in the market.
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Business & Money: 21 Mar 11
Swedish bank SEB advised an 87-year-old customer to invest her savings 'long term' with a return not expected until her 95th birthday, and has now been found to be at fault by the consumer complaints board.
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Business & Money: 9 Mar 11
The majority of Swedes will experience a drop in their disposable incomes this year in comparison to 2009, with higher mortgage costs to blame, according to a new report.
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Business & Money: 2 Mar 11
Sweden’s Finance Minister Anders Borg wants to put the squeeze on Swedish banks, where profits have swelled, shareholder dividends ballooned, and interest margins on mortgages doubled.
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Business & Money: 1 Mar 11
A Riksdag committee said on Tuesday that it wants to halt the sale of the state's shares in a number of state-owned companies, reversing a previous decision giving the government a mandate to do so.
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Business & Money: 1 Mar 11
The Swedish economy expanded at a record 7.3 percent in 2010, a growth rate not seen in the country since 1970.
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Business & Money: 23 Feb 11
Sweden's National Housing Credit Guarantee Board has warned that spiralling household mortgage debt will dramatically impact house prices in the near future.
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Business & Money: 17 Feb 11
Sweden's inflation rate rose at a higher clip in January than the previous month, partly due to rising housing costs. But underlying inflation rose less than expected.
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Business & Money: 15 Feb 11
Sweden's Riksbank is expected to hike base interest rates on Tuesday, with more rate increases expected for the coming months, leading to significantly higher mortgage bills for Swedish families.
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Politics: 4 Feb 11
The Swedish government confirmed on Friday that it had raised 19 billion kronor ($2.94 billion) on the sale of 255 million of its shares in Nordic banking giant Nordea.
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Politics: 3 Feb 11
The Swedish government announced on Thursday its intention to sell more than 250 million shares of its holdings in Nordea bank.
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Business & Money: 28 Jan 11
Home lending in Sweden has cooled following the introduction of a new mortgage cap, a majority of real estate agents believe, but has also resulted in the virtual disappearance of first-time home buyers.
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Business & Money: 21 Jan 11
Sweden's ruling minority Alliance coalition may lose yet another vote in parliament after the Sweden Democrats announced their intention to support a motion to stop or restrict the sale of state-owned enterprises.
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Business & Money: 18 Jan 11
While Swedish apartment prices have risen by more than 150 percent in the last 10 years, housing prices dipped overall in December, according to new statistics.
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Business & Money: 13 Jan 11
Middle-aged Swedes take more interest rate risks than both their younger and older counterparts, a new study conducted by state-owned mortgage lender SBAB revealed on Thursday.
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Business & Money: 12 Jan 11
The proportion of Swedish households that believe that housing prices will continue to rise has decreased, according to Swedish bank SEB's latest housing price indicators.
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Business & Money: 5 Jan 11
Reducing Sweden's mortgage interest tax break would help protect against unwanted bubbles in the housing market, a prominent Liberal Party politician has argued.
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Business & Money: 28 Dec 10
Growth in lending to Swedish households by banks and mortgage institutions continued to slow last month, Sweden's statistics agency revealed on Tuesday.
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Business & Money: 9 Dec 10
Sweden's consumer price index (CPI) continued its climb in November, fuelled by ever-increasing housing and electricity prices, Sweden's statistics agency announced on Thursday.
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Business & Money: 25 Nov 10
A research institute has revealed that while optimism among Swedes regarding the country's economy has increased, they are feeling less positive about their own household finances.
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Business & Money: 12 Nov 10
Swedish Finance Minister Anders Borg sharply criticised senior politicians in the EU for bringing up the issue of whether private lenders should take a hit if financially strapped eurozone countries ask for help.
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Business & Money: 11 Nov 10
The head of Sweden's central bank has warned against expanding household debt, pointing out that it plays a significant role in the bank's decisions to raise interest rates.
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National: 27 Oct 10
A national government agency has estimated that another 19 billion kronor ($2.81 billion) are needed to "build away" Sweden's housing shortage every year.
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Business & Money: 14 Oct 10
Apartment prices in Sweden have risen 10 percent overall in the last quarter compared with the same period in 2009, according to new statistics.
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Business & Money: 9 Sep 10
Consumer prices remained unchanged between July and August, according to Statistics Sweden with the annual inflation rate dropping to 0.9 percent, down from 1.1 percent in July.
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Business & Money: 6 Sep 10
Around half of Swedish households expect house prices to continue to rise with only a fifth expecting a fall, according to a new survey published on Monday.
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Business & Money: 2 Sep 10
Sweden's Riksbank has raised the repo rate by 0.25 percentage points to 0.75 percent, a decision which was widely forecast.
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Analysis & Opinion: 30 Aug 10
A charming one-bedroom apartment in one of Stockholm's trendiest neighbourhoods for a mere €410 rent-controlled (3,900 kronor, $520) a month: too good to be true? It was for Johannes, writes AFP's Marc Preel.
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Business & Money: 16 Aug 10
The increase in Swedish housing prices has eased with prices in greater Stockholm falling by 4 percent over the past month, according to a new report which attributes the impact of the pending general election.
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Business & Money: 11 Aug 10
Many Swedes with short-term fixed-rate mortgages will face higher bills from now on, after state-owned mortgage lender SBAB and Nordic bank Nordea both raised rates.
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Politics: 8 Aug 10
Minister for Finance Anders Borg has indicated that the government intends to raise 100 billion kronor ($14 billion) by selling off the state’s shareholdings in a number of companies if voted back into power in September.
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National: 29 Jul 10
Consumer confidence in the economy among Swedes is considerably more positive than normal, the National Institute of Economic Research (Konjunkturinstitutet) wrote in its latest monthly barometer.
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Society: 22 Jul 10
A Swedish lesbian couple who wanted a mortgage were told by a bank clerk that they should change their lifestyle and think about living apart.
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Business & Money: 9 Jul 10
The Financial Supervisory Authority (Finansinspektionen - FI) announced on Friday that it will implement new guidelines limiting new mortgages to a maximum of 85 percent of the home's market value.
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Business & Money: 1 Jul 10
Sweden's central bank, the Riksbank, has raised its key interest rate by 0.25 percentage points to 0.5 percent on Thursday, matching most analyst estimates.
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Business & Money: 23 Jun 10
Swedish consumers are increasingly confident of the prospects for the country’s economy, according to a new report, but growth could be hit by austerity measures in Europe.
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Business & Money: 15 Jun 10
Apartments prices fell in Stockholm and Gothenburg in May, with house prices remaining stable, according to new broker statistics which show that supply remains larger than normal.
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Politics: 10 Jun 10
The Christian Democrats believe the government should continue selling off state-owned companies.
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Business & Money: 10 Jun 10
Consumer prices in Sweden rose by 0.2 percent in May, according to new figures from Statistics Sweden. Inflation was 1.2 percent, compared with 1 percent in April.
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Business & Money: 7 Jun 10
The International Monetary Fund (IMF) has praised both Sweden's central bank, the Riksbank, and the Swedish government for their handling of the economic crisis.
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Business & Money: 26 May 10
Nearly one in four households, or 22 percent, would have difficulty dealing with an unforeseen cost of 5,000 kronor, according to a study by Länsförsäkringar.
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Business & Money: 26 May 10
Swedish household borrowing continues to increase at one of the world's highest rates and economists at the state Housing Credit Guarantee Board have raised concerns over the risks for individuals, house prices, and the Swedish economy.
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Politics: 5 May 10
Sweden's Financial Supervisory Authority has proposed that banks limit the amount offered for new residential mortgages to 85 percent of a property's market value.
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Politics: 4 May 10
Sweden's Prime Minister Fredrik Reinfeldt claims that the shadow budget presented by the left-green coalition on Monday hikes taxes for three million people and is devastating for Swedish business.
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Business & Money: 3 May 10
The governor of Sweden's central bank, the Riksbank, Stefan Ingves, has endorsed the decision to leave the bank's repo rate unchanged last month after missing last month's monetary policy meeting.
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Business & Money: 19 Apr 10
The cold winter in Sweden has left every fifth household struggling to pay their electricity bills, according to a new survey.
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Business & Money: 12 Apr 10
Half of Sweden's households expect house prices to increase over the coming year, with fewer forecasting falls, a new survey shows.
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National: 18 Mar 10
House price inflation is not a problem for monetary policy, the deputy-governor of Sweden's Riksbank Lars E O Svensson said on Thursday, calling the notion of a house price bubble "a myth".
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Business & Money: 4 Mar 10
Stefan Ingves, the head of the Swedish Riksbank, has called on parliament to look over the existing financial regulatory framework - and do so expediently. He indicated also that base rate rises will come in the autumn.
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Business & Money: 26 Feb 10
Economists from state-owned mortgage lender SBAB have rejected as unfounded warnings from the National Housing Credit Guarantee Board that Sweden stands on the precipice of a house price crash.
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National: 23 Feb 10
The National Housing Credit Guarantee Board has warned that Sweden stands on the precipice of a house price crash. When the bust arrives prices can be expected to fall by 20 percent, according to a new report.
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Analysis & Opinion: 10 Feb 10
The wait for a rental apartment in Stockholm averages 104 weeks, according to a new report published this week. The Local has found that behind the heated dialogue there lie few easy solutions.
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Business & Money: 22 Jan 10
Homeowners will have less spending power by the end of the year according to a new report from state-owned mortgage lender SBAB, which predicts the Riksbank will begin a sharp interest rate increase in the autumn.
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National: 16 Jan 10
State-owned mortgage lender SBAB is reportedly using a loophole in the law to encourage estate agencies to recommend their services to new house-owners.
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Society: 19 Oct 09
Only one in ten mortgage holders in Sweden is taking special measures to prepare for any upcoming interest rate hike, a new study shows.
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Business & Money: 7 Sep 09
The number of Swedish households expecting housing prices to increase in the next year has grown to 53 percent, according to SEB bank's latest property price indicators.
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Business & Money: 3 Jul 09
Swedes’ cumulative unpaid debts reached a new record of 62.2 billion kronor ($7.9 billion) in June, with Swedes at the higher end of the earnings scale finding it increasingly hard to pay their bills.
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Business & Money: 20 May 09
More and more Swedes are having their homes repossessed and sold through executive auction as household budgets tighten in the wake of job losses caused by the economic crisis.
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Society: 19 May 09
The mother-in-law of Swedish prime minister Fredrik Reinfeldt has been caught out in an elaborate swindle - two thieves sold her apartment without her knowledge.
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Business & Money: 14 Apr 09
Swedish inflation slowed to 0.2 percent in March from 0.9 percent in February, Statistics Sweden (SCB) said on Tuesday.
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Society: 19 Mar 09
The multimillionaire ex-wife of a Swedish tycoon has lost a large part of her fortune to a phony clairvoyant in exchange for a bottle of “holy water” and some pigeon feathers.
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Politics: 5 Mar 09
Finance Minister Anders Borg on Thursday admonished the boards of Sweden’s state-owned companies for "grave infractions" in awarding executive bonuses.
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Analysis & Opinion: 3 Mar 09
As economies in the Baltic states falter, The Local’s Juris Kaza looks at why so many observers have placed much of the blame for Latvia’s financial woes on Swedish banks.
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Analysis & Opinion: 19 Feb 09
Abba may have gone the way of Napoleon, but their music and the Eurovision Song Contest retain their phenomenal popularity thirty-five years after the Swedes first faced their Waterloo, writes Peter Vinthagen Simpson.
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Politics: 11 Feb 09
Sweden’s central bank cut its benchmark interest rate in half to 1 percent on Wednesday, prompting Prime Minister Fredrik Reinfeldt to tell banks to follow suit.
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Business & Money: 30 Jan 09
The Swedish government announced on Friday it was postponing the sale of state-owned mortgage lender SBAB because of the financial crisis.
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Business & Money: 13 Jan 09
Inflation fell back to 0.9 percent in December from 2.5 percent in November, new figures from Statistics Sweden show. Consumer prices fell on average 1.3 percent, mainly due to a sharp decrease in mortgage costs.
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Business & Money: 18 Dec 08
Swedish households’ net wealth fell by 6.6 percent, or 185 billion kronor ($24.3 billion), during the third quarter of 2008, with losses from shares and funds accounting for 45 percent of the drop.
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Business & Money: 9 Dec 08
Swedish inflation slowed in November to 2.5 percent from 4.0 percent in October, the sharpest decline in almost 15 years, Statistics Sweden (SCB) said on Tuesday.
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Lifestyle: 2 Dec 08
From cheap dates with movie stars to the latest free music service, Thanh Dinh has some great tips for biting back at the credit crunch.
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Analysis & Opinion: 25 Nov 08
With Ford and GM, the respective owners of Volvo and Saab's car divisions, struggling for their survival, Sweden needs to regain the initiative and nationalize its auto industry, argues Rolf Wolff, dean of the School of Business, Economics and Law at Gothenburg University.
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Politics: 20 Nov 08
The government said on Thursday it is open to altering Sweden’s new bank lending guarantees in order to get more of the country's biggest banks to participate.
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Dating: 7 Nov 08
Ask The Local: Breaking up is always hard to do, but can pose extra problems if you're a 'love refugee'. We guide you through the minefield.
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Business & Money: 31 Oct 08
Sweden’s finance minister Anders Borg lashed out at the country’s major banks and financial institutions on Friday for their hesitation to participate in the government’s financial sector support programme.
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Analysis & Opinion: 29 Oct 08
Every week a panel of readers will be giving their views on the burning issues of the hour. This week: The Panel assess the effects of a crisis that has been emptying wallets worldwide.
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Business & Money: 21 Oct 08
Shockwaves from the financial crisis are rippling through Sweden’s housing market, resulting in falling prices and accelerating the already slowing pace of new construction.
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Analysis & Opinion: 6 Oct 08
Ask The Local: Are your savings safe if your bank collapses? We find the answers.
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Business & Money: 29 Sep 08
Sweden's debt office has said the demand for treasury bills has not been not as high as first feared when it stepped in earlier this month to soothe market tensions.
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Business & Money: 25 Sep 08
Calls by Swedbank for Swedish financial authorities to implement a ban on the short selling of stock have fallen on deaf ears.
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Business & Money: 24 Sep 08
Swedish central bank chief Stefan Ingves has said the country is financially strong and well prepared for the challenges posed by a global economic downturn.
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Business & Money: 23 Sep 08
Sweden's National Debt Office (Riksgälden) announced on Tuesday it has sold 22.7 billion kronor ($3.48 billion) worth of treasury bills out of 25 billion on offer in a second extra auction to soothe tense local markets.
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National: 20 Sep 08
The proposed US debt rescue plan has sought inspiration from the work to tackle the Swedish banking crisis at the beginning of the 1990s.
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Business & Money: 19 Sep 08
Upheaval in the financial markets will likely complicated plans by the Swedish government to sell off state-owned mortgage lender SBAB in the near future, analysts said on Friday.
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As diverse as Sweden is, there are a few societal norms that are distinctly Swedish. Understanding a handful of them will hopefully prepare you culturally before you relocate. When you're invited home to a Swede, you better be on time and take your shoes off, writes expat Lola Akinmade-Åkerström. Read more »
Sweden is a country where almost everyone can speak English. So why bother to learn Swedish? Edina Varnagy from Hungary managed with English for a whole year but then found that Swedish could open doors – to a job, a social life and greater understanding. Read more »
"The ice dripped in the winter sun. It was the first day when the light had been intense enough to cause dripping in the sunlight. To hear it was an extraordinary wakeup call. The cycle was happening again as it always does, always will (or so we think). I imagined that on my summer island, the bees..." READ »
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fin
adjective
Fin means anyhting from sweet to proper. When someone says, Du är så fin it's quite a compliment.
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