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Swedes expect housing prices to continue rising

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11:17 CEST+02:00
An increasing number of Swedish households expect housing prices to rise over the coming year.

According to SEB bank's housing price indicator, 73 percent now anticipate higher prices. This can be compared to 65 percent last month.

Not since summer 2005 have so many people said that they believed prices would rise.

"The government's announcement that property tax is to be abolished and replaced by a 4,500 kronor ($655) fee is probably the main reason," said SEB's economist Gunilla Nyström in a statement.

The survey was carried out by pollster Demoskop and was based on interviews with 1,000 households.

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