Taking out a mortgage is a big commitment not only financially, but it also ties you more closely to both Sweden and anyone you're buying the property with. Here's our complete guide to understanding a Swedish mortgage.
The Swedish financial watchdog recently scrapped plans for new mortgage rules, meaning you can still buy a home in Sweden and never pay off the full loan. Here's The Local's guide to the five main things you need to know before taking your first step on to the property ladder in the Nordic country.
Swedes’ mortgage debts are continuing to grow and a lot of people will struggle to pay their bills if and when record-low interest rates start to climb, new figures show.
One of Sweden's biggest banks has warned that too many potential buyers in Gothenburg and Stockholm are set to spend more than 30 percent of their disposable income on monthly mortgage payments and related costs, putting them in danger of potential financial problems in future.
Sweden's financial watchdog announced on Thursday that it was abandoning its controversial bid for a price hike on new mortgages – just three months before the proposed plan would have come into effect.
Fancy owning a stunning home in Sweden for the same price as a shed in London or New York? It's the best time in years for Brits and Americans to invest in the Nordic nation, thanks to the weak kronor. Here's The Local's guide to snapping up a gorgeous property for less than €100,000 (£72,000, $106,009, 933,210 kronor).
Sweden's booming housing market has led to a trend in city apartments being sold to hand-picked customers rather than following open house public viewings, which are the norm in the Nordic nation.
UPDATED: Sweden's Prime Minister Stefan Löfven has unveiled his strategy for tackling the nation's housing crisis, pledging that 150,000 new homes will be built each year from 2016, in a move designed to help both Swedish and international workers.
More Swedes are opting to lock down the interest rates on their mortgages, after several years where flexible loan rates have come to dominate the housing market.
After reviewing Sweden's mortgage-repayment system, the Swedish Financial Supervisory Authority (Finansinspektionen, FI) is considering enforcing compulsory mortgage amortization for Swedes as debt burdens surge.
The head of Sweden's central bank, Stefan Ingves, said on Tuesday that the government could be forced to make Swedes pay off their mortgages if the country's banks don't "take the responsibility" themselves.
Swedbank CEO Michael Wolf has proposed that Sweden adopts a law requiring mortgage amortization to ward off the threat of spiralling household debt to the Swedish economy, according to a report in the Dagens Industri (DI) daily.
Seemingly undeterred by the debt crisis, Swedish households are taking out more new loans than any other Europeans, according to a comparison of mortgages made by national TV station SVT.
Flat prices fell by 4 percent in Sweden in June compared to the previous month, according to fresh figures from Sweden’s real estate statistics website Mäklarstatistik. This marks the third month in a row that flat prices have fallen in Sweden. However, house prices still remain unchanged.
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 published by Swedish bank Swedbank.
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.
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.
Growth in lending to Swedish households by banks and mortgage institutions continued to slow last month, Sweden's statistics agency revealed on Tuesday.
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.
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.
Swedish household borrowing continues to increase at one of the world's highest rates and economists at the state Housing Credit Guarantee Board (Statens bostadskreditnämnd - BKN) have raised concerns over the risks for individuals, house prices, and the Swedish economy.
